47 Mill Street, Hamilton, ON
Waterdown, Hamilton · MLS® X13061142
About this home
Welcome to 47 Mill St North in Waterdown. Originally built in 1887, you can still see the history in the original wood floors. Beyond the floors, the house has been lovingly updated without losing the charm that comes with a home this age. This home sits on a 34' x 180' lot & a nice layout that offers 1684 sq ft. The main floor greets you with a large family room which has custom built ins, updated millwork, smooth ceilings and pot lights. Dining rooms is excellent for large gatherings and entertaining. The kitchen has been transformed into the highlight of the home and features ample storage, high end Jenn Air appliances, farmhouse-style shiplap décor backsplash & separate nook for your coffee/bar with butcher's block countertop. Upstairs, you'll find two bedrooms, an office and a large bathroom with laundry. Wake up to a beautiful sunrise coming through the large windows. You'll spend as much time outside the home as you do inside, with a 180-foot-deep lot. Enjoy front porch coffee while greeting your neighbours in the highly sought-after Waterdown core. Want some privacy? Escape to the backyard, past the new herringbone paver driveway, to your deck for a BBQ. Invite friends for drinks on the patio, or practice your short game on the putting green. You'll also find a large, 10' x 22' workshop at the back of the property. Powered by its own electrical panel, the shop is insulated and climate controlled by a heat pump. As lovely as the house is, you'll quickly consider the entire neighbourhood your home. You can't walk a block without a smile and a hello from a neighbour walking their dog or getting some exercise. You might have just found your next home!
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- X13061142
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1500-2000
- Lot
- 34 × 179 ft
- Cross streets
- Dundas Street E & Mill Street N
- Parking
- 4 parking
- Driveway
- Private Triple
- Basement
- Partial Basement, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding, Wood
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,148 / 2025
- Days on market
- 79
- Listing brokerage
- REVEL REALTY INC.
Rooms
hardwood floor · large window · large closet
hardwood floor · large window · large closet
Large Window
backsplash · large window
hardwood floor · b/i bar
2 Pc Bath
hardwood floor · large window
4 pc bath · large window · skylight
hardwood floor · large window · pot lights
hardwood floor · large window
Listed at $1,099,999, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. 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 36 similar homes nearby, adjusted for size, beds, and baths.Median of 36 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $852K, a bit lower. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $995K
- Bathrooms −$15K
- Adjusts to $980K
That comparable adjusts to $980K; the $1.03M estimate above is the median of all 36 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 very walkable address with everyday errands close by. DUNDAS at MILL is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.03M, median of 36 comparables.
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 8% below the area average of $682/sqft.
77 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterdown, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: DUNDAS at MILL, about 190 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 18, 2026); conventional rates run a little higher.
Mortgage amount $879,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,696
- Property tax
- $429
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,125
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,475
- Estimated closing costs
- $18,475
Plus your down payment of $220,000. 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
- $281,760
- Principal paid down
- $112,068
- Interest paid
- $169,692
- Balance remaining
- $767,931
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 REVEL REALTY INC.. MLS®/PropTx.