116 Barons Avenue, Hamilton, ON
Homeside, Hamilton · MLS® X13458154
About this home
Attention first-time home buyers and investors! This beautifully duplex offers a fantastic opportunity to build equity while enjoying the benefits of homeownership. Live in one unit and rent out the other to offset your mortgage, or add this strong cash-flowing property to your investment portfolio with an income potential of $3,000+ per month. the home features a duplex layout with a separate entrance, and a spacious backyard perfect for relaxing or entertaining. Ideally located in a welcoming neighborhood close to parks, transit, and everyday amenities, you'll enjoy walkable access to groceries, coffee shops, and a nearby gym. Additional updates and making this a move-in-ready opportunity with excellent income potential.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13458154
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 25 × 92 ft
- Cross streets
- Main Street E
- Parking
- 0 parking
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Other
- Exterior
- Stone, Other
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $2,849 / 2025
- Days on market
- 35
- Listing brokerage
- CENTURY 21 PROPERTY ZONE REALTY INC.
Rooms
vinyl floor · closet · window
vinyl floor · window
vinyl floor · window
vinyl floor · closet · window
Vinyl Floor
combined w/kitchen · combined w/dining · vinyl floor
Listed at $415,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
In Homeside lately, sellers have been getting about 96% of asking and homes sell in about 30 days.
Based on 65 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 65 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $419K, a bit lower.
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 $525K
- Adjusts to $525K
That comparable adjusts to $525K; the $476K estimate above is the median of all 65 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 $476K, median of 65 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- 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 16% below the area average of $547/sqft.
32 days longer than the Hamilton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Homeside, 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 $332,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,772
- Property tax
- $237
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,009
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,775
- Estimated closing costs
- $4,775
Plus your down payment of $83,000. 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
- $106,301
- Principal paid down
- $42,280
- Interest paid
- $64,020
- Balance remaining
- $289,720
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 CENTURY 21 PROPERTY ZONE REALTY INC.. MLS®/PropTx.