44 Madison Avenue, Hamilton, ON
Gibson, Hamilton · MLS® X13212808
About this home
This modernized brick 2-storey home has everything you've been searching for! The main floor features 2 spacious bedrooms and an upgraded kitchen with stainless steel appliances, quartz countertops, and a convenient main-floor laundry. Upstairs, step into a second-floor family and entertaining area with an additional full bedroom, and the option to convert a linen closet into a second bathroom. The currently unfinished but full basement presents potential for an in-law suite or rental unit, ideal for investors or additional income. Centrally located near schools, parks, shopping, and transit, this move-in-ready home is perfect for first-time buyers or investors.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X13212808
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 700-1100
- Lot
- 30 × 80 ft
- Cross streets
- Cannon St E & Madison Ave
- Parking
- 1 parking
- Driveway
- Available, Boulevard, Lane, Private
- Basement
- Full, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $2,511 / 2025
- Days on market
- 53
- Listing brokerage
- ROYAL LEPAGE STATE REALTY
Rooms
Listed at $384,999, this home is within the range of comparable homes, on the higher side. 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 $442K, higher 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 $569K
- Size difference −$163K
- Bathrooms −$15K
- Adjusts to $391K
That comparable adjusts to $391K; the $352K 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, this is a very walkable address with everyday errands close by. CANNON at SANFORD is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $352K, median of 5 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 9% above the area average of $394/sqft.
49 days longer than the Hamilton average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Gibson, 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: CANNON at SANFORD, about 92 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 21, 2026); conventional rates run a little higher.
Mortgage amount $307,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,644
- Property tax
- $209
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $1,853
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,250
- Estimated closing costs
- $4,250
Plus your down payment of $77,000. 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
- $98,616
- Principal paid down
- $39,224
- Interest paid
- $59,392
- Balance remaining
- $268,775
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 ROYAL LEPAGE STATE REALTY. MLS®/PropTx.