343 Cumberland Avenue, Hamilton, ON
Blakeley, Hamilton · MLS® X13238430
About this home
Welcome to this charming detached century home in the heart of the highly desirable Blakeley neighbourhood in Hamilton. Full of character and opportunity, this 3-bedroom, 1.5-bath residence offers approximately 1,100 sq ft above grade plus an unfinished basement, making it an ideal canvas for renovators, investors, or buyers looking to create their dream home in a vibrant, established community. Offered for sale in "as is,where is" condition, the property presents an excellent opportunity to renovate, invest, or hold as a rental in a strong and steadily appreciating neighbourhood. The location is a standout-steps to Gage Park, the Escarpment Rail Trail, Bruce Trail access points, and Wentworth Stairs,making it ideal for outdoor enthusiasts. Enjoy quick access to McMaster University, Mohawk College, St. Joseph's Hospital, Hamilton General Hospital, Hamilton GO Centre, and multiple transit routes. Nearby Ottawa Street offers cafés, restaurants, shopping, and local amenities, while downtown Hamilton, Waterfront trails, Confederation Beach, and Tim Hortons Field are only minutes away. Whether you're an investor seeking value-add potential, a renovator/builder looking for your next project, or a buyer ready to bring new life to a classic home, this property offers location, lifestyle, and long-term upside in one of Hamilton's most connected neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X13238430
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1100-1500
- Lot
- 21.5 × 83 ft
- Cross streets
- Gage Ave S & Main St E
- Parking
- 0 parking
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,773 / 2025
- Days on market
- 43
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
overlooks backyard · w/o to deck
2 Pc Bath
4 Pc Bath
Overlooks Frontyard
Unfinished
Listed at $549,900, 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.
There were not many closely comparable homes right in Blakeley, so I widened the search to the surrounding area.
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 $615K, 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 $420K
- Adjusts to $420K
That comparable adjusts to $420K; the $468K 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. MAPLEWOOD opposite SPRINGER is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $468K, 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Worth verifying
- Weigh carefully
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 13% below the area average of $486/sqft.
41 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Blakeley, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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: MAPLEWOOD opposite SPRINGER, about 272 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 17, 2026); conventional rates run a little higher.
Mortgage amount $439,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,348
- Property tax
- $314
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,662
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,473
- Estimated closing costs
- $7,473
Plus your down payment of $109,980. 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
- $140,855
- Principal paid down
- $56,024
- Interest paid
- $84,831
- Balance remaining
- $383,896
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 RIGHT AT HOME REALTY. MLS®/PropTx.