16 Downing Street, Hamilton, ON
Binbrook, Hamilton · MLS® X13565204
About this home
Move-in ready and packed with upgrades - welcome to 16 Downing Street! This detached raised bungalow offers 4 bedrooms, 3 bathrooms, and approximately 1,300 square feet of above-grade living space, plus a fully finished basement built for everyday living and entertaining.Inside, hardwood floors and oversized windows fill the living and dining room with natural light. The updated kitchen is the heart of the home, boasting new granite countertops, refreshed cabinetry, and newer stainless steel appliances - with French doors opening onto an upper deck, perfect for summer barbecues and morning coffee. A brand new furnace (2025) and newer roof shingles (2024) mean the big-ticket items are already done for you.Downstairs, the fully finished walk-out basement delivers serious extra living space: two more bedrooms, a large family room warmed by a natural gas fireplace, durable laminate flooring, and a spacious 4-piece bath. A sliding glass door leads straight out to a private lower-level patio and shed.Set on a 40 x 108 foot lot in a quiet, family-friendly pocket of Binbrook, this home is just steps from Fairgrounds Community Park, Binbrook Park, and Summerlea West Park. Outside, you'll find an attached garage with handy overhead storage, room for 4 vehicles, plus central air, central vacuum, and municipal water and sewer.Solid brick and vinyl siding, a poured concrete foundation, and a flat, south-facing rectangular lot round out this beautifully maintained package. This one shows true pride of ownership - book your showing before it's gone! ** Some Photos have been virtually enhanced/staged*
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- X13565204
- Bedrooms
- 4 (2 + 2)
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500
- Lot
- 40.12 × 108.23 ft
- Cross streets
- Hwy 56 & Windwood Dr
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,738 / 2025
- Days on market
- 2
- Listing brokerage
- EXP REALTY
Rooms
double doors · window
semi ensuite · window
tile floor · w/o to deck
overlooks dining · large window
semi ensuite · window
double closet · window
double sink · stainless steel appl · breakfast bar
overlooks living · pot lights · window
pot lights · fireplace · w/o to yard
Laundry Sink
Listed at $919,000, this home is about 13% 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 Binbrook, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $724K, a bit lower.
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 $800K
- Bathrooms +$15K
- Adjusts to $815K
That comparable adjusts to $815K; the $815K estimate above is the median of all 5 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. GLOVER at MAPLE LEAF is about a 79-minute walk away.
Total price vs nearby homes. Fair value about $815K, median of 5 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- 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 active listings nearby.
See all comparable homes0 days faster than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Binbrook, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: GLOVER at MAPLE LEAF, about 6.3 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
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 $735,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,923
- Property tax
- $395
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,318
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,855
- Estimated closing costs
- $14,855
Plus your down payment of $183,800. 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
- $235,398
- Principal paid down
- $93,628
- Interest paid
- $141,770
- Balance remaining
- $641,572
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 EXP REALTY. MLS®/PropTx.