79 Locheed Drive, Hamilton, ON
Lisgar, Hamilton · MLS® X13511668
About this home
Exceptional opportunity to own a well maintained and upgraded home in one of Hamilton's most desirable MOUNTAIN area. Offering over 2,000 sq ft of total living space, this raised bungalow/backsplit blends character, functionality, and modern comfort ideal for families, professionals, or investors. Large lot, features large private driveway with parking for up to six cars. The fully fenced backyard offers privacy and space to enjoy, complete with a covered deck, gazebo, garden shed, and fruit trees, perfect for entertaining or relaxing. Potential to add a walkout basement entrance. Bright main level filled with natural light from large windows finished with seamless engineered hardwood floors. Large living room with a formal dining room and an updated kitchen with stainless steel appliances and a walkout to the backyard. Well-sized bedrooms and updated bathrooms, Potential to sperate a room and have and extra room. Fully finished basement adds incredible versatility with a potential to add a separate entrance, making it ideal for in-law living or income potential. It features additional bedrooms, a cozy family room with a fireplace perfect for extended family or multi-functional living. Located just steps from Plaza, parks, schools, shopping, and transit, and the Mountain, this home offers both convenience and lifestyle. With easy highway access and proximity to scenic trails and outdoor attractions, it's perfectly positioned for both daily living and recreation.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13511668
- Bedrooms
- 4 (2 + 2)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 49.2 × 100 ft
- Cross streets
- Upper Ottawa & Carson
- Parking
- 4 garage (none)
- Driveway
- Private Double
- Basement
- Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,400 / 2025
- Days on market
- 16
- Listing brokerage
- SAM MCDADI REAL ESTATE INC.
Rooms
hardwood floor · stainless steel appl · pot lights
Above Grade Window
hardwood floor · separate room · bay window
double · large closet · large window
Renovated
b/i bar · above grade window · open concept
fireplace · above grade window · open concept
hardwood floor · combined w/kitchen · open concept
Above Grade Window
hardwood floor · window · closet
Listed at $709,500, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Lisgar, so I widened the search to the surrounding area.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $726K, 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 $990K
- Bedrooms +$30K
- Adjusts to $1.02M
That comparable adjusts to $1.02M; the $697K estimate above is the median of all 10 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 more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $697K, median of 10 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.
- Walk-out basement: natural light and strong in-law or income potential.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Income potential
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 36% above the area average of $578/sqft.
14 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Lisgar, 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.
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 18, 2026); conventional rates run a little higher.
Mortgage amount $567,600 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,029
- Property tax
- $367
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,396
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,665
- Estimated closing costs
- $10,665
Plus your down payment of $141,900. 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
- $181,735
- Principal paid down
- $72,284
- Interest paid
- $109,451
- Balance remaining
- $495,316
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 SAM MCDADI REAL ESTATE INC.. MLS®/PropTx.