242 Bowman Street, Hamilton, ON
Ainslie Wood, Hamilton · MLS® X13448054
About this home
Two Kitchens, Two Laundries And Too Many Updates To Name! A Single Family Home With Sep. Suite In The Bsmt, This Home Has Been Well Maintained. Huge Bright Master On The 2nd Fl. 2nd Kit, Laundry Rm, And Combined Bed/Sit Are Ready To Go In Basement . Walk To Mcmaster University, Hospital, Restaurants, Shopping, Rail Trail To Grey Bruce Trail. 5-Minute Drive To The 403.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- X13448054
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 30 × 140 ft
- Cross streets
- Main St. W. & Emerson
- Parking
- 1 parking
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Not Applicable
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,584 / 2025
- Days on market
- 37
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
Window
laminate · closet · separate room
Laminate
tile floor · eat-in kitchen
laminate · w/o to deck · combined w/laundry
Laminate
laminate · combined w/living
Listed at $720,000, 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 Ainslie Wood lately, sellers have been getting about 97% of asking and homes sell in about 30 days.
Based on 44 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 44 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $741K, a close match.
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 $785K
- Bedrooms +$22K
- Adjusts to $807K
That comparable adjusts to $807K; the $675K estimate above is the median of all 44 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.
Total price vs nearby homes. Fair value about $675K, median of 44 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 25% above the area average of $642/sqft.
34 days longer than the Hamilton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Ainslie Wood, 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $576,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,074
- Property tax
- $465
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,539
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,875
- Estimated closing costs
- $10,875
Plus your down payment of $144,000. 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
- $184,425
- Principal paid down
- $73,354
- Interest paid
- $111,071
- Balance remaining
- $502,646
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.