481 Upper Gage Avenue, Hamilton, ON
Sunninghill, Hamilton · MLS® X13534250
About this home
Thoughtfully updated, versatile, and move-in ready, 481 Upper Gage Avenue offers over 1,900 sq. ft. of finished living space, 5 bedrooms, 2 bathrooms, and a fully finished in-law suite with its own private, covered separate entrance. Whether you're accommodating extended family or looking for a home with the potential to help offset monthly mortgage costs, this property offers the space and flexibility today's buyers are looking for. Lovingly maintained by the current owners, this home reflects years of thoughtful care and ongoing improvements. Notable updates include modern flooring, refreshed paint, stylish light fixtures, stainless steel kitchen appliances, updated windows and doors, a new furnace and A/C (2024), brand new roof (2025), and roof de-icing cables (2026), offering peace of mind for years to come. Crown moulding adds character throughout the main living areas while the functional layout provides flexibility for a variety of living arrangements. Step outside to beautifully landscaped front and rear yards, a fully fenced backyard perfect for children and pets, and a powered rear shed that's ideal for a workshop, storage, or hobby space. As one of Upper Gage's original homes, this property is also one of the few in the area that offers a true front yard and generous setback from the road, creating added curb appeal, privacy, and separation from the street. Conveniently located just 4 minutes to the highway and 6 minutes to Lime Ridge Mall, you're also within walking distance of grocery stores, shopping, restaurants, banks, The Gym On Fennell, schools, parks, and the scenic Mountain Brow walking trails, with convenient access to public transit and nearby recreation centres. Whether you're a first-time buyer, growing family, or investor, 481 Upper Gage offers the versatility, updates, and location to suit a wide range of lifestyles.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- X13534250
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 49.65 × 110 ft
- Cross streets
- Exit LINC to Upper Gage, Head North on Upper Gage past Fennell Ave, Property is located just North of Brucedale Ave
- Parking
- 6 parking
- Driveway
- Private Double
- Basement
- Full, Finished, Walk-Up, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,282 / 2026
- Days on market
- 11
- Listing brokerage
- REVEL REALTY INC.
Rooms
Listed at $679,900, 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 41 similar homes nearby, adjusted for size, beds, and baths.Median of 41 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $642K, a bit lower. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $600K
- Adjusts to $600K
That comparable adjusts to $600K; the $730K estimate above is the median of all 41 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. UPPER GAGE at BRUCEDALE 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 $730K, median of 41 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.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Income potential
- Value driver
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 6% below the area average of $555/sqft.
9 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Sunninghill, 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: UPPER GAGE at BRUCEDALE, about 62 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 18, 2026); conventional rates run a little higher.
Mortgage amount $543,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,903
- Property tax
- $357
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,259
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,073
- Estimated closing costs
- $10,073
Plus your down payment of $135,980. 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
- $174,154
- Principal paid down
- $69,268
- Interest paid
- $104,885
- Balance remaining
- $474,652
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 REVEL REALTY INC.. MLS®/PropTx.