318 Freelton Road, Hamilton, ON
Freelton, Hamilton · MLS® X13532100
About this home
House and a Shop! Tucked on an expansive 100' x 375' lot in the charming community of Freelton, this 1,400 square foot bungalow with a shop delivers the space, flexibility and lifestyle that are nearly impossible to find at this price point. The main floor offers a partially open-concept kitchen, three bedrooms, one and a half bathrooms and a walkout to the deck - perfect for enjoying the privacy of your beautiful surroundings. The lower level, with two separate walkouts, is ready to finish to your own taste - the hard work is already done! Electrical, plumbing, drains, ductwork and framing are all in place for a one-bedroom in-law suite: the bathroom has a working toilet and roughed-in stand-up shower, with a new soaker tub and sink included, the bedroom features pot lights, and the kitchen is plumbed and ready for your choice of cabinets, appliances, counters and flooring - a natural fit for multi-generational living or in-law possibility. Drive right back to your detached shop, which is a rare find: solid all-block construction measuring 22' x 37' with approximately 15' ceilings, a concrete pad floor, oversized rollup door, and separate man door, separate septic and toilet flange. Whether you're a hobbyist, tradesperson, car enthusiast, or entrepreneur, this space will not disappoint. Add a double attached garage, room to breathe on a deep private lot, and just 15-20 minutes to most amenities in Cambridge, Waterdown and Guelph - and you have a property that truly checks every box. Opportunities like this don't come along often. RSA.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13532100
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 1100-1500
- Lot
- 124.45 × 446.49 ft
- Cross streets
- Hwy 6 to Freelton Rd
- Parking
- 2 garage · 10 parking (attached)
- Driveway
- Private Double
- Basement
- Full, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $6,767 / 2025
- Days on market
- 10
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Rooms
partly finished · fireplace
Partly Finished
Listed at $974,000, this home is about 20% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Freelton, so I widened the search to the surrounding area.
Based on 14 similar homes nearby, adjusted for size, beds, and baths.Median of 14 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.08M, 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 $659K
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $704K
That comparable adjusts to $704K; the $810K estimate above is the median of all 14 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. Brock Rd. @ McLean Rd. (Aberfoyle) Park & Ride is about a 115-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $810K, median of 14 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Worth verifying
- 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 10% above the area average of $679/sqft.
8 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Freelton, 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.
🚉 Nearest transit: Brock Rd. @ McLean Rd. (Aberfoyle) Park & Ride, about 9.2 km 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 $779,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,158
- Property tax
- $564
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,722
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,955
- Estimated closing costs
- $15,955
Plus your down payment of $194,800. 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
- $249,486
- Principal paid down
- $99,231
- Interest paid
- $150,255
- Balance remaining
- $679,969
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 RE/MAX ESCARPMENT REALTY INC.. MLS®/PropTx.