4 Colgate Court, Hamilton, ON
Gilbert, Hamilton · MLS® X13092568
About this home
Welcome to 4 Colgate Court, a beautifully updated home tucked away on a quiet court in a highly desirable Hamilton neighbourhood. Featuring a fully self contained in-law suite with two separate apartments, this property offers an incredible opportunity for both investors and homeowners looking to offset their mortgage with rental income. Recently renovated with modern finishes throughout, both units showcase stylish upgrades including luxury vinyl flooring, pot lights, and updated appliances. With previous rental income of $2,500 for the main floor and $1,800 for the lower level, this is a turnkey income generating property ready to perform. The exterior is just as impressive, offering a new fence, a garage, and parking for up to four vehicles in the driveway, perfect for multi family living or tenants. The home is ideally situated close to parks featuring a splash pad, playground, and baseball diamonds, making it a great option for families. Enjoy the convenience of nearby schools, shops, and public transit all within walking distance, along with easy access to two recreation centres including Westmount. Nature lovers will appreciate the nearby escarpment stairs and Bruce Trail access, while commuters benefit from quick highway connectivity. Whether you're looking to invest, accommodate multi-generational living, live in one unit and rent the other, or expand your portfolio, this is a rare opportunity in a prime location.
Key facts
- Property type
- Detached, Backsplit 3
- MLS®
- X13092568
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 35 × 100 ft
- Cross streets
- Clifton Downs
- Parking
- 1 garage · 5 parking (attached)
- Driveway
- Private Double
- Basement
- Separate Entrance, Walk-Up, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,060 / 2025
- Days on market
- 73
- Listing brokerage
- EXP REALTY
Rooms
4 Pc Bath
3 Pc Bath
Listed at $799,999, 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 42 similar homes nearby, adjusted for size, beds, and baths.Median of 42 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $762K, a close match. 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 $600K
- Adjusts to $600K
That comparable adjusts to $600K; the $737K estimate above is the median of all 42 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 $737K, median of 42 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.
- 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 10% above the area average of $558/sqft.
71 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Gilbert, 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 $639,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,415
- Property tax
- $422
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,837
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,475
- Estimated closing costs
- $12,475
Plus your down payment of $160,000. 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
- $204,916
- Principal paid down
- $81,504
- Interest paid
- $123,412
- Balance remaining
- $558,495
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 EXP REALTY. MLS®/PropTx.