225 Prospect Street, Hamilton, ON
St. Clair, Hamilton · MLS® X13491484
About this home
Exceptionally tall basement, open concept main floor & parking for up to 3! Welcome to 225 Prospect St S in St. Clair! Located just minutes to Gage Park, this charming 2.5-storey detached home blends modern updates with incredible potential for a growing family. The main floor features hardwood flooring, electric fireplace & a spacious dining room w/ custom feature wall of cabinetry - ideal for family dinners and entertaining. The open-concept kitchen makes life easy with a sink overlooking the backyard and seamless access to the back deck for summer BBQs. Upstairs, the second level boasts a 17-ft primary bedroom and a spacious second bedroom, both featuring double closets. A smart conversion created a dream upper-level laundry room and a luxurious, structurally reinforced 4-piece bathroom (2019) complete with heated marble floors and ample built-in storage. The third-floor offers a third bedroom and a bright flex space. It's the perfect family hang out room, playroom or home office. Need more space? The unfinished basement boasts a rare 8'5" ceiling height, a separate side entrance, and a fully completed, modern 3-piece bathroom with heated floors. Whether you're considering income-options or simply expanding your living space, this basement offers huge potential. Outside, enjoy a fully fenced, family-friendly yard with an upper deck, lower patio, and mature gardens. The detached garage with laneway is currently used as storage, but with a little work for a new garage door, you've got yourself a secured 3rd parking space in addition to the 2 on the front double wide drive. Located within minutes walking distance to Gage Park, the 74-acre muti-use park featuring extensive rose gardens, tropical greenhouses, playground, splash pad, bandshell, tennis courts, lawn bowling, baseball diamonds, and Children's Museum. If restaurants and shopping is more your vibe, you've got what you need on nearby Ottawa St. 225 Prospect St S is the perfect home to plant your roots!
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- X13491484
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1500-2000
- Lot
- 26 × 100 ft
- Cross streets
- Main St E / Prospect St S
- Parking
- 1 garage · 3 parking (detached)
- Driveway
- Private Double
- Basement
- Full, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Cedar
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,357 / 2025
- Days on market
- 22
- Listing brokerage
- KELLER WILLIAMS EDGE REALTY
Rooms
hardwood floor · double closet
3 Pc Bath
Electric Fireplace
hardwood floor · overlooks frontyard · electric fireplace
4 pc bath · marble floor · heated floor
overlooks backyard · w/o to deck · open concept
hardwood floor · double closet
open concept · hardwood floor
Laundry Sink
Listed at $719,900, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
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 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 $613K, 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, listed at $520K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $475K
That comparable adjusts to $475K; the $590K 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. MAPLEWOOD at PROSPECT is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $590K, 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Heated floors: comfort and a premium-finish signal.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Lifestyle
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 8% above the area average of $382/sqft.
20 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
St. Clair, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: MAPLEWOOD at PROSPECT, about 122 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 $575,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,073
- Property tax
- $363
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,436
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,873
- Estimated closing costs
- $10,873
Plus your down payment of $143,980. 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
- $184,399
- Principal paid down
- $73,344
- Interest paid
- $111,056
- Balance remaining
- $502,576
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 KELLER WILLIAMS EDGE REALTY. MLS®/PropTx.