50 Oak Avenue, Hamilton, ON
Greensville, Hamilton · MLS® X13561878
About this home
One of Greensville's most extraordinary luxury estates, 50 Oak Ave is an architecturally renovated mid-century modern residence on a private one-acre lot with panoramic Escarpment views. A dramatic south-facing wall of glass captures treetops, sunsets and valley. Offering approx 3200 sq. ft. of finished living/outdoor space, the home has been extensively reimagined with major upgrades including roof, plumbing, electrical, windows, insulation, furnace, designer kitchen, appliances, cedar exterior, decks, driveway, landscaping and luxury finishes. Designed for living and entertaining, the home features expansive rooms, abundant natural light, terraces, gated entry, theatre with stage, private fitness studio, generous parking and indoor-outdoor flow. Minutes to Dundas, Ancaster, Hamilton, Burlington, Hwy 403, McMaster, golf, waterfalls, conservation areas and trails. Set on approx. one acre with 144-ft frontage, the estate offers future potential for a pool, outdoor kitchen, gardens, sports court, expanded entertaining areas, detached studio/guest retreat or home expansion, subject to approvals. Conceptual renderings of a proposed glass forest studio and second-storey addition are for illustration only and are not existing structures. Seller can assist qualified purchasers with renderings, floor plans, and materials for permit/zoning review. A rare, move-in-ready luxury sanctuary with views, privacy, craftsmanship and future potential. *For Additional Property Details Click The Brochure Icon Below*
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13561878
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 3 (1 half)
- Size
- 2500-3000
- Lot
- 143.58 × 275 ft
- Cross streets
- Rosebough and Highway 8
- Parking
- 1 garage · 11 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $7,740 / 2025
- Days on market
- 3
- Listing brokerage
- ICI SOURCE REAL ASSET SERVICES INC.
Rooms
Listed at $2,398,000, this home is tracking about 31% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($872/sqft) is below the area, so you are paying for extra space rather than a premium.
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 $1.49M, 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 $1.30M
- Adjusts to $1.30M
That comparable adjusts to $1.30M; the $1.83M 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, this is a more car-dependent spot, so buyers here typically drive. PIRIE opposite NEWCOMBE is about a 18-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.83M, 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- 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.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 12% below the area average of $996/sqft.
1 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Greensville, 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: PIRIE opposite NEWCOMBE, about 1.4 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 $1,918,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,237
- Property tax
- $645
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,882
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $46,425
- Estimated closing costs
- $46,425
Plus your down payment of $479,600. 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
- $614,238
- Principal paid down
- $244,309
- Interest paid
- $369,929
- Balance remaining
- $1,674,091
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 ICI SOURCE REAL ASSET SERVICES INC.. MLS®/PropTx.