55 Allan Avenue, Hamilton, ON
Homeside, Hamilton · MLS® X13075218
About this home
Beautiful Detached House for Sale 3+2 Bedrooms with Rental Potential!This newly renovated detached house offers the perfect blend of comfort and investment opportunity. Featuring 3 spacious bedrooms on the main & second floor and an additional 2 bedrooms in the fully finished basement, this home has space for a growing family or can be used to generate rental income. The basement has a separate entrance, making it ideal for tenants or extended family.With 3 modern 4-piece bathrooms, there's no shortage of convenience for everyone in the household. Enjoy the large backyard deck, perfect for entertaining, barbecues, or just relaxing outdoors.Located in a prime location, this home is within walking distance to public transit, parks, grocery stores, restaurants, and schools, everything you need is right at your fingertips. Don't miss out on this fantastic opportunity to own a home with both living and income potential!
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- X13075218
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 3
- Size
- 1100-1500
- Lot
- 30 × 100 ft
- Cross streets
- Barton St E & Cope St
- Parking
- 15 garage · 45 parking (detached)
- Driveway
- Private, Available
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,601 / 2026
- Days on market
- 76
- Listing brokerage
- SAM MCDADI REAL ESTATE INC.
Rooms
laminate · window · closet
laminate · window · west view
laminate · closet · window
large window · laminate · combined w/kitchen
closet · window · 4 pc ensuite
eat-in kitchen · ceramic floor · window
laminate · closet · east view
Listed at $645,000, this home is tracking about 18% 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 26 similar homes nearby, adjusted for size, beds, and baths.Median of 26 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $583K, 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 $699K
- Bedrooms −$30K
- Adjusts to $669K
That comparable adjusts to $669K; the $791K estimate above is the median of all 26 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 $791K, median of 26 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Income potential
- Value driver
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 7% below the area average of $531/sqft.
74 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Homeside, 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 $516,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,754
- Property tax
- $300
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,054
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,375
- Estimated closing costs
- $9,375
Plus your down payment of $129,000. 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
- $165,214
- Principal paid down
- $65,713
- Interest paid
- $99,501
- Balance remaining
- $450,287
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 SAM MCDADI REAL ESTATE INC.. MLS®/PropTx.