203-120 Springvalley Crescent, Hamilton, ON
Gourley, Hamilton · MLS® X12945328
About this home
Welcome to this beautifully upgraded 2-bedroom condo in a desirable neighbourhood on the Hamilton Mountain. Offering a thoughtfully designed layout, this bright and inviting corner unit features spacious principal rooms, generous bedroom sizes, and an abundance of natural light throughout. The modern interior showcases stylish finishes, including sleek interior doors and trim, contemporary hardware, and wide plank vinyl flooring throughout. The upgraded kitchen is sure to impress with upgraded stainless steel appliances, quartz countertops, extended-height cabinetry, soft-close doors and drawers, and a functional layout perfect for both everyday living and entertaining. Enjoy the comfort of approximately 9-foot ceilings, large windows, and a seamless flow between living, dining, and kitchen spaces. Additional features include a stainless steel undermount sink, high-arc faucet, pendant lighting over the breakfast area, a full-sized washer and dryer, and motorized custom blinds, plus electric fireplace surrounded by custom built ins. Both bedrooms are well-proportioned and filled with natural light, while the overall unit has been meticulously maintained and shows exceptionally well. Located in a fantastic, family-friendly neighbourhood close to parks, shopping, transit, and all amenities, this move-in ready condo is perfect for first-time buyers, downsizers, or investors. A rare opportunity to own a stylish, low-maintenance home in a prime Hamilton Mountain location-don't miss it! This unit comes with TWO premium parking spots just outside of the front door.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- X12945328
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 800-899
- Cross streets
- West 5th near the Linc
- Parking
- 2 parking
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Stone
- Maintenance
- $666/mo
- Exposure
- East
- Property tax
- $2,924 / 2025
- Days on market
- 107
- Listing brokerage
- ROYAL LEPAGE STATE REALTY
Rooms
Listed at $499,900, this home is about 17% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Gourley, so I widened the search to the surrounding area.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $335K, a bit lower.
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 $279K
- Bathrooms −$15K
- Adjusts to $264K
That comparable adjusts to $264K; the $427K estimate above is the median of all 13 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. WEST 5TH opposite SONATA is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $427K, median of 13 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 9% above the area average of $541/sqft.
92 days longer than the Hamilton average (15 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Gourley, 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: WEST 5TH opposite SONATA, about 95 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
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 $399,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,134
- Property tax
- $244
- Condo / maintenance fees
- $666
- Heating
- $0
- Estimated monthly cost
- $3,044
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,473
- Estimated closing costs
- $6,473
Plus your down payment of $99,980. 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
- $128,047
- Principal paid down
- $50,930
- Interest paid
- $77,117
- Balance remaining
- $348,990
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
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 ROYAL LEPAGE STATE REALTY. MLS®/PropTx.