1291 Old Highway 8, Hamilton, ON
Rural Flamborough, Hamilton · MLS® X13533748
About this home
An Exceptional ****42-Acre Estate**** w/ 2 Detach Properties, Privacy & Unlimited Potential. A rare opportunity to own 42 breathtaking acres of rolling countryside, combining lifestyle, land, & income potential in one remarkable package. With expansive open space, multiple buildings, and commercial-grade infrastructure, this property is perfectly suited for those seeking freedom, flexibility, and long-term value. Anchoring the estate is a 6,000 sf multipurpose outbuilding equipped with 3-phase 600V500-amp electrical service, ideal for serious business, storage, or hobby use. The building includes three bay doors, office space, a 3-piece bath, and in-floor heating in the center bay and in-law suite. Above, a bright one-bedroom loft residence features an open-concept layout with a designer kitchen showcasing quartz counters, a large island, 36" Wolf gas range, Miele dishwasher, and a sun-filled living area with a cozy gas fireplace. The bedroom offers wood ceilings, walk-in closet, laundry, and a spa-inspired bath. The 2200 sq ft bungalow offers four bedrooms and three bathrooms, ideal for family living. A spacious living room with a double-sided wood-burning fireplace flows into an eat-in kitchen with walk-out to a Brand NEW composite deck and above-ground pool. The grade-level walk-out basement is partially finished and includes a separate workshop or hobby room. The land is the standout feature, with approximately 30 workable acres surrounded by mature trees and open skies - perfect for farming, equestrian use, or future ventures. A new 125' deep well 2020 adds peace of mind .Ideal for investors, entrepreneurs, or creatives, the property supports numerous income-producing or lifestyle uses. Enjoy a 47' x 38' private gym, or transform the space into an indoor pickleball court, basketball court, yoga studio, art or pottery studio, or premium vehicle storage. A truly rare offering where acreage, infrastructure, and opportunity come together.
Key facts
- Property type
- Detached, Other
- MLS®
- X13533748
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 3500-5000
- Lot
- 248 × 1344 ft
- Cross streets
- Hwy 8 & Sheffield Rd
- Parking
- 10 garage · 30 parking (attached)
- Driveway
- Private Double
- Basement
- Partially Finished, Walk-Out
- Heating
- Baseboard
- A/C
- Wall Unit(s)
- Exterior
- Brick, Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Pool
- Above Ground
- Property tax
- $4,380 / 2025
- Days on market
- 10
- Listing brokerage
- SAM MCDADI REAL ESTATE INC.
Rooms
Listed at $2,199,000, this home is tracking about 25% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. 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 30 similar homes nearby, adjusted for size, beds, and baths.Median of 30 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $976K, lower 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 $3.00M
- Bathrooms −$15K
- Adjusts to $2.98M
That comparable adjusts to $2.98M; the $2.93M estimate above is the median of all 30 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. Doyle Bloodstock Transportation is about a 67-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $2.93M, median of 30 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.
- Walk-out basement: natural light and strong in-law or income potential.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Open-concept layout: modern, sought-after flow.
- Income potential
- Value driver
- Weigh carefully
- 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 32% below the area average of $759/sqft.
8 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rural Flamborough, 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: Doyle Bloodstock Transportation, about 5.3 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,759,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,388
- Property tax
- $365
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,753
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $41,450
- Estimated closing costs
- $41,450
Plus your down payment of $439,800. 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
- $563,265
- Principal paid down
- $224,035
- Interest paid
- $339,230
- Balance remaining
- $1,535,165
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 SAM MCDADI REAL ESTATE INC.. MLS®/PropTx.