147 Grace Avenue, Hamilton, ON
Parkview, Hamilton · MLS® X13568748
About this home
Welcome To 147 Grace Avenue In Hamilton, A Spacious Raised Bungalow Nestled In A Very Quiet, Family-Friendly Neighbourhood Featuring Two Parks Within Approximately 100 Metres And A School Bus Stop Right In Front Of The House. The Broader Community Is Defined By Its Green Spaces. This Highly Walkable Area Is Near Grocery Stores And Dining, Offering Convenient Access To Major Roads And Public Transit, Including A Bus Stop Just A One-Minute Walk Away With Direct Routes To Burlington And Hamilton. The Main Floor Boasts An Extra-Large Living Room And Kitchen Alongside Two Bedrooms, While The Lower Level Features A Separate Entrance Leading To A Bright Basement Suite With Large Windows, Two Additional Bedrooms, And A Second Kitchen. Perfectly Versatile, This Property Is Ready To Move In Immediately Or Undergo A Complete Custom Makeover To Suit Your Style. Complete With A Large Backyard Shed And Workshop, This Home Offers The Ultimate Combination Of Convenience And Lifestyle With Only A One-Minute Drive To The QEW Highway For Quick Commuter Access To Any City, Plus Easy Access To GO Trains And A Short Walk To The Beach.
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- X13568748
- Bedrooms
- 4 (2 + 2)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 27.08 × 100 ft
- Cross streets
- Woodward Ave & Brampton St
- Parking
- 2 parking
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $3,644 / 2025
- Days on market
- 2
- Listing brokerage
- ROYAL STAR REALTY INC.
Rooms
ceramic floor · above grade window
hardwood floor · crown moulding · large window
hardwood floor · his and hers closets · window
ceramic floor · double sink · above grade window
vinyl floor · family size kitchen · double sink
ceramic floor · large window
hardwood floor · closet · window
hardwood floor · closet · window
ceramic floor · pot lights · above grade window
Listed at $530,000, this home is about 10% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Below comparable homes on total price, yet the price per square foot ($589/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Parkview, 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 $560K, a close match.
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 $599K
- Bedrooms +$30K
- Adjusts to $629K
That comparable adjusts to $629K; the $590K 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. GLOW at KNOX is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $590K, 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Income potential
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 homesThis home lists 6% above the area average of $556/sqft.
0 days faster than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Parkview, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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: GLOW at KNOX, about 207 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 17, 2026); conventional rates run a little higher.
Mortgage amount $424,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,263
- Property tax
- $304
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,566
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,075
- Estimated closing costs
- $7,075
Plus your down payment of $106,000. 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
- $135,757
- Principal paid down
- $53,997
- Interest paid
- $81,761
- Balance remaining
- $370,003
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 ROYAL STAR REALTY INC.. MLS®/PropTx.