42 Erie Avenue, Hamilton, ON
Stinson, Hamilton · MLS® X13060188
About this home
Circa 1880 charm on a beautiful tree-lined street-this detached brick home blends character with thoughtful updates throughout. Mostly renovated within the last 10 years, it offers high ceilings, spacious principal rooms, and a layout that just works. The main floor features a separate living and dining room, a convenient main floor bathroom, and a newer IKEA kitchen complete with island, pantry storage, and gas stove. Walk out to a large deck overlooking the backyard-perfect for relaxing or entertaining. Upstairs, the impressive primary suite feels like a retreat, with a walk-in closet, vaulted ceiling, and walkout to a private balcony. The spa-like ensuite includes a soaker tub, separate shower, double sinks, and in-suite laundry. A second oversized bedroom offers flexibility for additional living space or a home office. Updates include roof (2025), on-demand hot water heater (2025), copper water line with UV water treatment, and a newer furnace and A/C. No carpet throughout and plenty of pot lights add to the modern feel. A rare opportunity to own a character home with major updates already done-just move in and enjoy.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X13060188
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 1500-2000
- Lot
- 30.42 × 89.33 ft
- Cross streets
- Erie Ave south of Main St E before Wentworth St S
- Parking
- 3 parking
- Driveway
- Tandem, Private
- Basement
- Full, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block, Stone
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,746 / 2025
- Days on market
- 80
- Listing brokerage
- NASHDOM REALTY BROKERAGE INC.
Rooms
w/o to deck · centre island · pantry
walk-in closet(s) · hardwood floor
2 Pc Bath
wood · bay window
Bay Window
vaulted ceiling(s) · w/o to balcony · hardwood floor
Wood
5 pc bath · soaking tub · separate shower
Listed at $525,000, this home is about 32% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Stinson, so I widened the search to the surrounding area.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $774K, a close match.
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 $850K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $805K
That comparable adjusts to $805K; the $773K estimate above is the median of all 7 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, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $773K, median of 7 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Value driver
- Worth verifying
- 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 homes78 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Stinson, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA 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.
Almost all errands require a car.
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 18, 2026); conventional rates run a little higher.
Mortgage amount $420,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,241
- Property tax
- $396
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,637
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,975
- Estimated closing costs
- $6,975
Plus your down payment of $105,000. 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
- $134,477
- Principal paid down
- $53,487
- Interest paid
- $80,989
- Balance remaining
- $366,513
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 NASHDOM REALTY BROKERAGE INC.. MLS®/PropTx.