515 Hamilton Drive, Hamilton, ON
Ancaster, Hamilton · MLS® X12932382
About this home
This one of a kind indescribable multi-family just shy of an acre in the heart of Ancaster home is something you've got to see to believe!! A total of 8 bedrooms, 6 bathrooms, 3 kitchens, 3 laundry and enough parking for 10+ cars. Phenomenally upgraded 4 bedroom, 3 bathroom Bungalow has an additional 2 bedroom fully self-sufficient in-law suite with a separate entrance. The Guest House has 2 bedrooms, kitchen, laundry and a fully accessorized garage with an operating car lift. The property has room for growth with roughed in electrical and plumbing with outdoor shower for a pool. Your outdoor oasis off the primary bedroom boasts a hot tub on the secluded expansive deck for relaxed filled evenings. No need to escape to a cottage for calm and tranquility as it's all out your garden back doors. Incredible Muskoka tree rich backyard. This property really has to be seen to understand the calm, class and comfort that is seeped through it.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X12932382
- Bedrooms
- 8
- Bathrooms
- 5
- Size
- 3000-3500
- Lot
- 176.36 × 227.4 ft
- Cross streets
- Hamilton Drive & Garner Road West
- Parking
- 6 garage · 16 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,888 / 2025
- Days on market
- 111
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
fireplace · his and hers closets · w/o to deck
b/i bar · bar sink · w/o to yard
gas fireplace · cathedral ceiling(s) · w/o to deck
3 pc bath · separate shower
5 pc ensuite · soaking tub · heated floor
pot lights · closet organizers · hardwood floor
closet organizers · hardwood floor · large window
3 pc bath · separate shower · ceramic floor
access to garage · b/i appliances · b/i shelves
closet organizers · hardwood floor · large window
combined w/great rm · overlooks ravine · centre island
cathedral ceiling(s) · glass doors · window floor to ceiling
fireplace · walk-out · b/i shelves
Listed at $2,975,000, this home is tracking about 18% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($915/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.91M, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.80M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $1.84M
That comparable adjusts to $1.84M; the $2.51M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. GARNER at HAMILTON is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $2.51M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Income potential
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 2% below the area average of $935/sqft.
109 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Ancaster, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: GARNER at HAMILTON, about 79 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Hamilton.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $2,380,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,701
- Property tax
- $991
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,691
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $60,850
- Estimated closing costs
- $60,850
Plus your down payment of $595,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $762,034
- Principal paid down
- $303,094
- Interest paid
- $458,940
- Balance remaining
- $2,076,906
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.