31 Rianna Court, Hamilton, ON

Carpenter, Hamilton · MLS® X13167470

$1,149,000
For Sale
Listed 54 days ago
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5Bedrooms
4Bathrooms
2Garage · 6 parking
2000-2500Sq Ft

About this home

PRICED TO SELL. VERY MOTIVATED SELLER. Built by Tuscany Homes in 2012 in the beautiful Paradise Meadows community, this well maintained 2-storey detached home is located on a quiet cul-de-sac in Hamilton's desirable Carpenter neighbourhood with a clear view of the park. Bright sun-filled interior with large windows allowing natural light to flow throughout the home. Approximately 2,141 sq ft featuring a functional family layout with a spacious living room with natural gas fireplace, separate dining area, and large kitchen with access to a private landscaped backyard. The second floor offers a primary bedroom with ensuite, three additional bedrooms, and convenient second floor laundry. The finished basement provides additional living space including a recreation room with bar, bedroom, and bathroom. Basement flooring replaced in 2024 and basement bathroom renovated in 2024. Hot tub connection also available in backyard. Private double driveway with attached 2 car garage and parking for up to 6 vehicles. Close to parks, schools, and public transit.

Key facts

Property type
Detached, 2-Storey
MLS®
X13167470
Bedrooms
5 (4 + 1)
Bathrooms
4 (1 half)
Size
2000-2500
Lot
25.57 × 103.01 ft
Cross streets
Upper Paradise Rd & Eagleglen Way
Parking
2 garage · 6 parking (attached)
Driveway
Private Double
Basement
Finished, Full
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stucco (Plaster)
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$7,605 / 2026
Days on market
54
Listing brokerage
RE/MAX REAL ESTATE CENTRE INC.

Rooms

Dining RoomMain4.51 × 3.12 m
FoyerMain3.34 × 3.30 m
Bedroom 2Second3.02 × 3.07 m

Closet

BedroomBasement2.59 × 4.97 m
KitchenMain3.88 × 5.16 m
Living RoomMain4.51 × 3.82 m

Fireplace

LaundrySecond3.31 × 1.68 m
RecreationBasement5.42 × 5.03 m
Bedroom 3Second3.31 × 3.67 m

Closet

Primary BedroomSecond5.76 × 3.81 m

4 pc ensuite · walk-in closet(s) · overlooks park

Bedroom 4Second3.24 × 3.30 m

Closet

Moe’s TakeTeam Asgarian · Broker
Above comparables
$988Kest. value

Listed at $1,149,000, this home is about 16% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.

Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.09M, a bit higher.

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 $988K
  • Adjusts to $988K

That comparable adjusts to $988K; the $988K estimate above is the median of all 5 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. RYMAL at UPPER PARADISE is about a 1-minute walk away.

List price
$974KGreat deal$1.15MOverpriced

Total price vs nearby homes. Fair value about $988K, median of 5 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.

  • 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.
  • Primary suite: a key comfort and resale feature.
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
  • Value driver
  • Lifestyle
Comparable listingsCurrently listed nearby · asking prices
$1.12Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

108 Highway 52$1.20M471 Old Mud Street$899k41 McNiven Road$1.25M

The 3 closest active listings nearby.

See all comparable homes
1.15MThis home1.20M899k1.25MThis home vs active comparables
Live market pulseActive comparables in Carpenter · median list $1.14M
$511this home / sqft
5active listings nearby
54days on market

This home lists 22% above the area average of $419/sqft.

52 days longer than the Hamilton average (2 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Carpenter, Hamilton, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

61/ 100

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.

Many errands can be done on foot; a car still helps.

🚉 Nearest transit: RYMAL at UPPER PARADISE, about 111 m away

20+ transit stops1 grocery13 dining8 parks3 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Ancaster
$1.23M
Westdale
$1.39M
Rural Glanbrook
$1.03M
Dundas
$1.05M
Gibson
$670K

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

Affordability
$5,237/mo
$224KIncome needed
5.1×Price ÷ income
$1,208Weekly cost
20% down4.79%25-yr amortization

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.

89%mortgage
Mortgage $5,237Property tax $634Total carry $5,871

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,905per month

Mortgage amount $919,200 · 4.14% over 25 years

$229,800Down payment (20.0%)
$919,200Loan before insurance
$0CMHC premium
$5,539Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,905
Property tax
$634
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,539

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$19,455
Estimated closing costs
$19,455

Plus your down payment of $229,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$5,958/monthPayment at the qualifying rate

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

$552,358Total interest paid
$1,471,558Total of all payments
Principal $919,200 Interest $552,358
YearPrincipalInterestBalance
1$21,534$37,329$897,666
2$22,434$36,428$875,232
3$23,373$35,490$851,859
4$24,350$34,512$827,509
5$25,369$33,493$802,140
6$26,430$32,432$775,710
7$27,536$31,327$748,174
8$28,687$30,175$719,486
9$29,887$28,975$689,599
10$31,138$27,725$658,461
11$32,440$26,422$626,021
12$33,797$25,065$592,225
13$35,211$23,652$557,014
14$36,683$22,179$520,331
15$38,218$20,645$482,113
16$39,816$19,046$442,296
17$41,482$17,380$400,815
18$43,217$15,645$357,598
19$45,025$13,838$312,573
20$46,908$11,954$265,665
21$48,870$9,992$216,795
22$50,914$7,948$165,881
23$53,044$5,818$112,837
24$55,263$3,600$57,574
25$57,574$1,288$0

At the end of your 5-year term

Total paid over the term
$294,312
Principal paid down
$117,060
Interest paid
$177,251
Balance remaining
$802,140

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.

Let's connect

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

Rental yield
Estimate$4,200/mo
$50,400Gross annual rent
3.1%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

4.4%
Gross yield
− Property tax $7,605− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $35,851

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REAL ESTATE CENTRE INC.. MLS®/PropTx.

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