37 Melissa Crescent, Hamilton, ON
Waterdown, Hamilton · MLS® X13446180
About this home
Welcome to this beautifully renovated bungalow nestled on a quiet, highly sought-after crescent in the heart of Waterdown. Offering over 2,500 sq. ft. of finished living space, this fully renovated, turn-key home features 3+1 bedrooms and 2 full bathrooms, thoughtfully updated with quality finishes and timeless style throughout. The bright and inviting main level offers large rooms designed for comfortable everyday living, while the fully finished lower level provides versatile additional space for family, guests, a home office, or recreation. Step outside to your private backyard retreat, complete with a hot tub, and a large tiered deck perfect for entertaining, outdoor dining, and enjoying warm summer evenings. Located within walking distance to scenic trails, parks, and Waterdown's vibrant downtown core, this home offers the perfect balance of nature, convenience, and community. A rare opportunity to own a move-in-ready bungalow in one of Waterdown's most desirable neighbourhoods.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13446180
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1500-2000
- Lot
- 55 × 119.03 ft
- Cross streets
- Scott Street
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,384 / 2026
- Days on market
- 36
- Listing brokerage
- REAL BROKER ONTARIO LTD.
Rooms
Walk-In Closet(s)
5 Pc Bath
3 Pc Bath
Listed at $1,099,900, 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.
In Waterdown lately, sellers have been getting about 95% of asking and homes sell in about 33 days.
There were not many closely comparable homes right in Waterdown, so I widened the search to the surrounding area.
Based on 90 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 90 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.19M, higher than the comparables and worth a second look. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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, sold for $1.10M
- Bedrooms +$30K
- Adjusts to $1.13M
That comparable adjusts to $1.13M; the $955K estimate above is the median of all 90 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
On location, this is a more car-dependent spot, so buyers here typically drive. Bus stop is about a 11-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $955K, median of 90 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.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Value driver
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 31% below the area average of $910/sqft.
33 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.
Getting around
Car-DependentA 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.
Almost all errands require a car — groceries and transit are a drive away.
🚉 Nearest transit: Bus stop, about 846 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 $879,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,696
- Property tax
- $615
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,311
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,473
- Estimated closing costs
- $18,473
Plus your down payment of $219,980. 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
- $281,735
- Principal paid down
- $112,058
- Interest paid
- $169,677
- Balance remaining
- $767,862
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 REAL BROKER ONTARIO LTD.. MLS®/PropTx.