273 Festival Way, Hamilton, ON
Binbrook, Hamilton · MLS® X13567150
About this home
Welcome to this beautifully maintained 4 bedroom, 5 bathroom home in one of Binbrook's most sought after family neighbourhoods. From the moment you arrive, you'll appreciate the pride of ownership, exceptional curb appeal, and inviting atmosphere that carries throughout the home. Inside, the bright and functional main floor is highlighted by newly upgraded engineered hardwood flooring in the living room, creating a warm and elegant space for both everyday living and entertaining. The spacious kitchen flows seamlessly into the dining and living areas, making it the perfect place to gather with family and friends. Upstairs, you'll find four generously sized bedrooms, including a spacious primary retreat, along with five bathrooms throughout the home to comfortably accommodate a growing family and guests. The basement offers a fantastic opportunity to create additional living space tailored to your needs, whether it's a recreation room, home gym, office, or extra storage. Step outside to your own private backyard oasis, where beautifully landscaped grounds, a sparkling pool, and a stunning waterfall create a true resort-style escape. Thoughtfully designed for both relaxation and entertaining, the inviting patio provides the ideal setting for summer barbecues, outdoor dining, or quiet evenings. With plenty of room to unwind and make lasting memories, the backyard is truly an extension of the home and a place you'll enjoy all season long. Conveniently located close to parks, schools, and everyday amenities, this move-in ready home offers the perfect combination of comfort, style, and location.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X13567150
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 1500-2000
- Lot
- 36.77 × 138.21 ft
- Cross streets
- Fall Far Way
- Parking
- 2 garage · 5 parking (attached)
- Driveway
- Private Triple
- Basement
- Full, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- On Ground
- Property tax
- $6,854 / 2026
- Days on market
- 2
- Listing brokerage
- ROYAL LEPAGE STATE REALTY
Rooms
Eat-in Kitchen
Semi Ensuite
Electric Fireplace
4 Pc Ensuite
Semi Ensuite
Listed at $998,900, this home is about 25% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 12 similar homes nearby, adjusted for size, beds, and baths.Median of 12 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.15M, 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 $850K
- Bedrooms −$30K
- Bathrooms +$15K
- Adjusts to $835K
That comparable adjusts to $835K; the $798K estimate above is the median of all 12 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. GLOVER at MAPLE LEAF is about a 61-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $798K, median of 12 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Weigh carefully
- Value driver
- Lifestyle
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 31% above the area average of $437/sqft.
0 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
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: GLOVER at MAPLE LEAF, about 4.9 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 $799,120 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,264
- Property tax
- $571
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,836
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,453
- Estimated closing costs
- $16,453
Plus your down payment of $199,780. 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
- $255,864
- Principal paid down
- $101,768
- Interest paid
- $154,096
- Balance remaining
- $697,352
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
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 ROYAL LEPAGE STATE REALTY. MLS®/PropTx.