345 Mountain Brow Road, Hamilton, ON
Waterdown, Hamilton · MLS® X13439700
About this home
Set on approximately 3-acres (per MPAC) this property overlooks the breathtaking natural landscape of Smokey Hollow and backs directly onto the iconic Bruce Trail. This remarkable gated estate offers a rare opportunity to acquire one of the area's most picturesque and private estates. A graceful, swooping driveway leads through expansive, awe-inspiring grounds, creating a dramatic sense of arrival while remaining discreet and private from the road. The 2.5-storey residence offers 7 bedrooms and 5 bathrooms, along with a library with a fireplace. The home in its current state needs to be renovated. Outdoor features include an inground swimming pool and a detached double-car garage, all set within the property's remarkable estate setting. For those with a vision for transformation, a new house rendering design by SMPL Design Studio offers inspiration for a spectacular modern residence. Ideally located just minutes from downtown Waterdown, Burlington, and the convenient Aldershot GO Station, providing easy access to amenities and commuting options. Property and all structures are being sold in AS-IS condition. Floor plans and a survey are available. Either renovate the existing house or build a new one. Exterior photos are current and from a few years ago. Interior photos and new home renderings are for creative / illustrative purposes only.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- X13439700
- Bedrooms
- 7
- Bathrooms
- 5 (2 half)
- Size
- 3500-5000
- Lot
- 151.79 × 579.15 ft
- Cross streets
- Waterdown Rd / Mountain Brow Rd
- Parking
- 4 garage · 16 parking (detached)
- Driveway
- Private
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick, Wood
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Holding Tank
- Pool
- Inground
- Property tax
- $17,408 / 2025
- Days on market
- 40
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Listed at $2,395,000, this home is tracking about 33% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
In Waterdown lately, sellers have been getting about 96% of asking and homes sell in about 39 days.
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 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.82M, 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 $1.50M
- Size difference +$238K
- Adjusts to $1.74M
That comparable adjusts to $1.74M; the $1.81M estimate above is the median of all 6 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.
Total price vs nearby homes. Fair value about $1.81M, median of 6 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. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 12% above the area average of $503/sqft.
37 days longer than the Hamilton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterdown, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 $1,916,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,224
- Property tax
- $1,451
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,675
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $46,350
- Estimated closing costs
- $46,350
Plus your down payment of $479,000. 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
- $613,469
- Principal paid down
- $244,003
- Interest paid
- $369,466
- Balance remaining
- $1,671,997
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 RE/MAX ESCARPMENT REALTY INC.. MLS®/PropTx.