31 Summercrest Drive, Hamilton, ON

Gershome, Hamilton · MLS® X13567566

$695,000
For Sale
Listed 2 days ago
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3Bedrooms
2Bathrooms
1Garage · 5 parking
700-1100Sq Ft

About this home

Welcome to 31 Summercrest Drive in Hamilton, an inviting, well-maintained bungalow that offers versatility, comfort, and exceptional value for today's modern lifestyle. This charming home features 3 spacious bedrooms, 2 full bathrooms, and the added benefit of two full kitchens, making it ideal for multi-generational living or those seeking in-law suite potential. Step inside to a bright and welcoming living room, highlighted by a large bay window that overlooks the lovely front porch, filling the space with natural light and creating a warm, inviting atmosphere. The beautifully updated main floor kitchen boasts elegant granite countertops and stainless-steel appliances, perfect for both everyday living and entertaining. The functional layout continues downstairs, where a fully equipped second kitchen enhances flexibility for extended family or additional living arrangements. A cozy wood-burning fireplace adds charm and comfort to the lower level, making it an ideal retreat for relaxing evenings. Enjoy your morning coffee on the front porch, or unwind in the beautifully landscaped back gardens, complete with a convenient gas line for your BBQ, perfect for summer gatherings. The detached garage, currently used for storage, offers excellent potential to be converted back into a functional garage space. Additional features include a 2-year-old A/C unit, upgraded 200-amp electrical panel, and an osmosis water filtration system for added peace of mind. The concrete driveway accommodates up to four vehicles, providing ample parking for family and guests. Situated in a desirable neighbourhood, this home is just a short drive to parks, schools, shops, conservation areas, trails, and recreation centres, with easy access to major highways for an easy commute. A fantastic opportunity to own a versatile and thoughtfully cared-for home ina convenient Hamilton location.

Key facts

Property type
Detached, Bungalow
MLS®
X13567566
Bedrooms
3
Bathrooms
2
Size
700-1100
Lot
40 × 100 ft
Cross streets
Greenhill Avenue
Parking
1 garage · 5 parking (detached)
Driveway
Private Double
Basement
Full, Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$4,896 / 2025
Days on market
2
Listing brokerage
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Rooms

KitchenLower5.13 × 3.43 m
Primary BedroomMain3.48 × 3.05 m
DenLower3.48 × 3.10 m
Living RoomMain4.78 × 4.14 m

Combined w/Dining

BathroomLower2.62 × 1.88 m

3 Pc Bath

Bedroom 3Main3.45 × 2.87 m
KitchenMain5.33 × 2.84 m
RecreationLower7.21 × 3.45 m
BathroomMain2.26 × 1.50 m

4 Pc Bath

Bedroom 2Main3.30 × 2.49 m
LaundryLower3.48 × 3.38 m
Cold Room/CantinaLower7.16 × 0.94 m
Moe’s TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.

On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. GREENHILL at SUMMERCREST is about a 1-minute walk away.

Comparable listingsCurrently listed nearby · asking prices
$611kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

31 CAMERON Avenue$880k735 Dunn Avenue$475k66 Beechwood Avenue$479k

The 3 closest active listings nearby.

See all comparable homes
695kThis home880k475k479kThis home vs active comparables
Live market pulseActive comparables in Gershome · median list $899K
$772this home / sqft
6active listings nearby
2days on market

0 days faster than the Hamilton average (2 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Gershome, Hamilton, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

54/ 100

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.

Many errands can be done on foot; a car still helps.

🚉 Nearest transit: GREENHILL at SUMMERCREST, about 93 m away

20+ transit stops15 dining19 parks5 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Stoney Creek
$917K
Homeside
$593K
Delta
$729K
Parkview
$500K
Gibson
$670K

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

Affordability
$3,168/mo
$138KIncome needed
5.0×Price ÷ income
$731Weekly cost
20% down4.79%25-yr amortization

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.

89%mortgage
Mortgage $3,168Property tax $408Total carry $3,576

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,967per month

Mortgage amount $556,000 · 4.14% over 25 years

$139,000Down payment (20.0%)
$556,000Loan before insurance
$0CMHC premium
$3,375Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,967
Property tax
$408
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$3,375

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$10,375
Estimated closing costs
$10,375

Plus your down payment of $139,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$3,604/monthPayment at the qualifying rate

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

$334,107Total interest paid
$890,107Total of all payments
Principal $556,000 Interest $334,107
YearPrincipalInterestBalance
1$13,025$22,579$542,975
2$13,570$22,034$529,405
3$14,138$21,467$515,267
4$14,729$20,875$500,538
5$15,345$20,259$485,193
6$15,987$19,617$469,206
7$16,656$18,949$452,551
8$17,352$18,252$435,198
9$18,078$17,526$417,120
10$18,834$16,770$398,286
11$19,622$15,982$378,664
12$20,443$15,161$358,221
13$21,298$14,306$336,923
14$22,189$13,415$314,734
15$23,117$12,487$291,617
16$24,084$11,520$267,534
17$25,091$10,513$242,442
18$26,141$9,463$216,301
19$27,234$8,370$189,067
20$28,373$7,231$160,694
21$29,560$6,044$131,134
22$30,797$4,808$100,337
23$32,085$3,519$68,252
24$33,427$2,177$34,825
25$34,825$779$0

At the end of your 5-year term

Total paid over the term
$178,021
Principal paid down
$70,807
Interest paid
$107,215
Balance remaining
$485,193

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.

Let's connect

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

Rental yield
Estimate$1,450/mo
$17,400Gross annual rent
1.3%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

2.5%
Gross yield
− Property tax $4,896− Insurance $1,400− Vacancy & upkeep $1,914Net operating income $9,190

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES. MLS®/PropTx.

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