7 Lakegate Drive, Hamilton, ON
Stoney Creek, Hamilton · MLS® X13433986
About this home
Welcome to 7 Lakegate Drive, an extraordinary waterfront estate showcasing luxury, privacy, and rare direct access to Lake Ontario. Situated on a spectacular double lakefront lot with approximately 175 feet of shoreline, this custom-built bungalow presents a truly unique opportunity to own one of the area's most remarkable waterfront properties. Boasting over 3,800 sq ft of elegant main-floor living space, plus a fully finished lower level, this home is designed for both comfortable family living and effortless entertaining. Timeless finishes include wide-plank oak flooring, granite countertops, cathedral ceilings with skylights, crown moulding, and expansive living spaces filled with natural light. The chef-inspired kitchen flows seamlessly into the principal living areas, while the formal dining room with wet bar provides the perfect setting for hosting family and friends. The private bedroom wing features three spacious bedrooms, including a beautifully updated primary retreat complete with a custom walk-in closet, spa-inspired ensuite, and walkout to a private patio. Outside, a resort-style backyard awaits with a heated inground pool featuring a new liner installed in spring 2026, multiple entertaining areas, breathtaking lake views, and direct access to a private beach. A concrete boat ramp provides convenient water access for boating enthusiasts. Completing the property is an oversized 36' x 25' triple garage with rear access, ideal for storing boats, vehicles, and recreational equipment. Additional recent updates include two new furnaces, enhancing comfort and efficiency throughout the home. Adding further appeal, the property includes potential to sever an additional 70-foot lakefront lot to the west. A rare opportunity to enjoy luxury waterfront living, unmatched outdoor amenities, and future potential in one exceptional property.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13433986
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 3500-5000
- Lot
- 177.48 × 192.32 ft
- Cross streets
- Grays Rd
- Parking
- 3 garage · 9 parking (attached)
- Driveway
- Private Triple
- Basement
- Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $23,616 / 2025
- Days on market
- 41
- Listing brokerage
- ROYAL LEPAGE STATE REALTY
Rooms
5 Pc Ensuite
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairWhat 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.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
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 27% above the area average of $685/sqft.
38 days longer than the Hamilton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Stoney Creek, Hamilton, ON
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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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $2,959,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $15,795
- Property tax
- $1,968
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,763
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $78,973
- Estimated closing costs
- $78,973
Plus your down payment of $739,980. 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
- $947,714
- Principal paid down
- $376,947
- Interest paid
- $570,767
- Balance remaining
- $2,582,973
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.