31 Grindstone Way, Hamilton, ON
Waterdown, Hamilton · MLS® X13740864
About this home
In short
- Welcome to 31 Grindstone Way, ideally located in the sought-after southwest Waterdown neighbourhood.
- Offering approximately 1,849 sq. ft. above grade plus a finished lower level, this spacious home provides plenty of room for growing and multigenerational families...
- Upstairs, you'll find four bedrooms, including a spacious primary retreat with a private4-piece ensuite, plus an additional 4-piece family bathroom.
- The finished basement adds exceptional versatility with a fifth bedroom, a good-sized family room, laundry and storage areas, plus a newly added 3-piece...
- Located close to shopping, retail, parks, schools and the Bruce Trail, with easy access to Highway 6 and Highway 403, this is a commuter's dream in one of Waterdown's...
Welcome to 31 Grindstone Way, ideally located in the sought-after southwest Waterdown neighbourhood. Offering approximately 1,849 sq. ft. above grade plus a finished lower level, this spacious home provides plenty of room for growing and multigenerational families with 5bedrooms and 3.5 bathrooms. The main floor features generous living and dining spaces, afunctional kitchen featuring vintage pocket doors, granite counters, stainless steel appliances, and a walk-out to the backyard with sliding door access, and a convenient powder room. Upstairs, you'll find four bedrooms, including a spacious primary retreat with a private4-piece ensuite, plus an additional 4-piece family bathroom. The finished basement adds exceptional versatility with a fifth bedroom, a good-sized family room, laundry and storage areas, plus a newly added 3-piece bathroom-ideal for teenagers, guests, extended family, or a home office setup. Step outside to a fully fenced backyard designed for relaxing and entertaining. The new deck (2023) off the kitchen provides an inviting spot to step outside with your morning coffee or enjoy summer evenings, while the patio stone seating area creates a second outdoor living space with plenty of room for dining, lounging and gathering with friend sand family. Located close to shopping, retail, parks, schools and the Bruce Trail, with easy access to Highway 6 and Highway 403, this is a commuter's dream in one of Waterdown's most desirable areas. A fantastic opportunity offering space, flexibility and a location that makes everyday living easy.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X13740864
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 35.01 × 105.38 ft
- Cross streets
- Grindstone/Dennis
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Available
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,463 / 2026
- Days on market
- 43
- Listing brokerage
- ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Rooms
Listed at $1,024,900. Going by how homes in Waterdown and the wider GTA have actually closed against their asking prices (about 97%, 32 local closings in 90 days), the likely sale price is near $990K, if it sells. A realistic range is $927K to $1.12M.
Independent value check: $1.07M. Without looking at the asking price, our model values the home itself about 5% above the ask (homes like it typically land between $1.00M and $1.12M).
Total price vs nearby homes. Likely closing about $990K, from 32 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 15 detached homes for sale in the area against 32 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $586/sqft against an area asking average of $588/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 32 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.05M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 32 comparable homes that sold in Waterdown over the past two years, from 311 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $656/sqft; this home lists at $586/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Waterdown: $1.03M in September 2026, up 1% from a year ago, on 163 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.12M | 12 |
| November 2025 | $1.10M | 13 |
| December 2025 | $1.03M | 9 |
| January 2026 | $1.29M | 12 |
| February 2026 | $1.13M | 7 |
| March 2026 | $1.17M | 11 |
| April 2026 | $1.20M | 17 |
| May 2026 | $1.12M | 18 |
| June 2026 | $1.25M | 19 |
| July 2026 | $1.10M | 22 |
| August 2026 | $1.17M | 14 |
| September 2026 | $1.03M | 9 |
Neighbourhood & location
Waterdown, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 4.34% via Ratehub.ca (as of October 17, 2026); conventional rates run a little higher.
Mortgage amount $819,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,533
- Property tax
- $539
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,072
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,973
- Estimated closing costs
- $16,973
Plus your down payment of $204,980. 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
- $272,009
- Principal paid down
- $100,179
- Interest paid
- $171,830
- Balance remaining
- $719,741
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 numbersThe last 7 whole-home leases in Waterdown signed at a median of $3,640 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,483. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES. MLS®/PropTx.