880 LAWRENCE Road, Hamilton, ON
Rosedale, Hamilton · MLS® X13481826
About this home
Welcome to 880 Lawrence Rd - a charming detached bungalow nestled in Rosedale neighbourhood of Hamilton, where this home blends main floor comfort with fantastic income potential in a freshly painted, move in ready package. Step inside this Two Kitchen and Two full Bathroom home set up with Full In-law potential, with a layout that flows from a welcoming main floor living area to a large kitchen - ideal for everyday family life. The standout feature awaits downstairs: a fully finished basement in-law suite featuring its own 1 bedroom, 1 bathroom, full kitchen, separate entrance, and dedicated laundry facilities, providing privacy and independence for extended family, or multi-generational living rental unit with strong income opportunities. Enjoy the convenience of a detached setup, storage, and easy backyard access for summer BBQs or outdoor relaxation, all enhanced by the fresh neutral paint throughout that gives the entire home an inviting feel. Nestled in the welcoming Rosedale community - bounded by the Escarpment, Lawrence Road, Red Hill Expressway, and Kenilworth - this prime location puts you minutes from everything, including the beautiful Gage Park, one of Hamilton's largest and most cherished green spaces with lush gardens, playgrounds, tennis courts, walking trails, a tropical greenhouse, spray pad, bandshell, and seasonal events perfect for families. Don't miss out on this property!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13481826
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 50 × 100 ft
- Cross streets
- Cochrane Rd & Lawrence Rd
- Parking
- 5 parking
- Driveway
- Private Double, Other
- Basement
- Walk-Out, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,854 / 2026
- Days on market
- 24
- Listing brokerage
- Real Broker Ontario Ltd.
Rooms
Listed at $509,000, 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.
There were not many closely comparable homes right in Rosedale, so I widened the search to the surrounding area.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $739K, 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 $880K
- Adjusts to $880K
That comparable adjusts to $880K; the $570K estimate above is the median of all 7 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.
On location, this is a very walkable address with everyday errands close by. COCHRANE at LAWRENCE is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $570K, median of 7 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Income potential
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 11% below the area average of $636/sqft.
22 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rosedale, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA 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.
Most daily errands can be done on foot.
🚉 Nearest transit: COCHRANE at LAWRENCE, about 45 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 17, 2026); conventional rates run a little higher.
Mortgage amount $407,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,173
- Property tax
- $405
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,577
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,655
- Estimated closing costs
- $6,655
Plus your down payment of $101,800. 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
- $130,378
- Principal paid down
- $51,857
- Interest paid
- $78,521
- Balance remaining
- $355,343
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 Real Broker Ontario Ltd.. MLS®/PropTx.