78 Terrace Drive, Hamilton, ON
Dundas, Hamilton · MLS® X12993368
About this home
In the picturesque Dundas community of Pleasant Valley sits this extraordinary custom residence offering an elevated standard of living defined by impeccable craftsmanship and timeless design. Built by McConnell Homes, this distinguished all-brick two-storey spans over 4,500+ sqft above grade, plus 2,200+ sqft of exquisitely finished living space below. A grand double-door entry introduces an opulent Bisazza Italian stone foyer, setting the tone for the elegance that unfolds throughout. A sweeping staircase, adorned with luxurious Stark wool carpeting, anchors the home with architectural grace. The principal living spaces are thoughtfully designed for both grand entertaining and intimate gatherings, featuring wire-brushed hardwood floors and an effortless flow from formal living and dining areas into the heart of the home. The chef-inspired kitchen is a culinary showpiece, appointed with premium KitchenAid appliances, bespoke cabinetry, and generous prep space. The adjoining great room is equally captivating, highlighted by a striking imported Bisazza fireplace and seamless access to a private, resort-style backyard. Upstairs, natural light pours through a dramatic skylight, illuminating a spa-inspired ensuite featuring a jacuzzi tub, separate shower, dual walk-in closets, a private office, and a secluded terrace overlooking the gardens. Three additional bedrooms and two beautifully appointed bathrooms complete the upper level. The lower level is an entertainer's dream, with a richly finished family room, fireplace, granite flooring, wet bar, private theatre, kitchenette, and guest suite with ensuite bath. Walk-out to the multi-tiered interlock patio, covered in-ground concrete pool, and dedicated pool lounge - an outdoor retreat surrounded by mature landscaping, set on an oversized double lot. The property offers dual driveways from both Turnbull and Terrace, and a double garage with interior access-an exceptional offering of sophistication, comfort, and prestige.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X12993368
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 7 (4 half)
- Size
- 3500-5000
- Lot
- 75 × 150 ft
- Cross streets
- Turnbull Rd
- Parking
- 2 garage · 10 parking (attached)
- Driveway
- Inside Entry, Circular Drive, Private Double
- Basement
- Finished with Walk-Out, Full
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $11,407 / 2025
- Days on market
- 95
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Rooms
2 Pc Bath
4 Pc Bath
4 Pc Ensuite
2 Pc Bath
3 Pc Bath
2 Pc Bath
Walk-In Closet(s)
4 Pc Ensuite
Walk-In Closet(s)
B/I Bar
Listed at $1,950,000, this home is tracking about 22% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.
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 17 similar homes nearby, adjusted for size, beds, and baths.Median of 17 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.96M, 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 $2.35M
- Bedrooms −$30K
- Bathrooms +$45K
- Adjusts to $2.37M
That comparable adjusts to $2.37M; the $2.52M estimate above is the median of all 17 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. TURNBULL opposite KINGS GATE is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $2.52M, median of 17 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Weigh carefully
- Value driver
- Lifestyle
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 26% below the area average of $617/sqft.
93 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Dundas, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: TURNBULL opposite KINGS GATE, about 168 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 $1,560,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,325
- Property tax
- $951
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,275
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $35,475
- Estimated closing costs
- $35,475
Plus your down payment of $390,000. 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
- $499,484
- Principal paid down
- $198,666
- Interest paid
- $300,818
- Balance remaining
- $1,361,334
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 RE/MAX ESCARPMENT REALTY INC.. MLS®/PropTx.