38 Rivercrest Road, Hamilton, ON
Riverdale, Hamilton · MLS® X13750398
About this home
In short
- Lovingly cared for by its only owner, 38 Rivercrest Road is a home filled with original character, generous spaces, and the kind of solid foundation that is hard to find.
- The main floor features a spacious living room filled with natural light, hardwood flooring, and a separate dining area for family dinners and holidays.
- Downstairs, the finished basement provides even more room for a recreation space, home office, hobby area, extra storage, or a little bit of everything.
Lovingly cared for by its only owner, 38 Rivercrest Road is a home filled with original character, generous spaces, and the kind of solid foundation that is hard to find. This well-kept bungalow offers a bright, comfortable layout with room for everyday life. The main floor features a spacious living room filled with natural light, hardwood flooring, and a separate dining area for family dinners and holidays. The kitchen is full of charming original details and offers plenty of storage for everything you want close at hand.Three comfortable bedrooms and a full bathroom complete the main level. Downstairs, the finished basement provides even more room for a recreation space, home office, hobby area, extra storage, or a little bit of everything.An attached garage adds everyday convenience, while the practical layout creates a strong starting point for whatever comes next. Move in and enjoy its classic charm, update it over time, or bring the ideas you have been saving. This is a solid, welcoming home with space to grow into and plenty of potential to make it feel like yours.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13750398
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 44.99 × 100.62 ft
- Cross streets
- Barton and Grays
- Parking
- 1 garage · 5 parking (attached)
- Basement
- Full, Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $5,165 / 2025
- Days on market
- 15
- Listing brokerage
- ROYAL LEPAGE NRC REALTY
Rooms
3 Pc Bath
Brick Fireplace
4 Pc Bath
Listed at $699,900, about 20% below our estimate of $879K (homes like it typically land between $823K and $921K).
Total price vs nearby homes. Fair value about $879K, learned from recent GTA sales.
The market behind the math:
About 7 months of inventory: 7 detached homes for sale in the area against 3 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $538/sqft against an area asking average of $544/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 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $703K. Condition and finishes remain an in-person call.
What the listing highlights2 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($538/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 Riverdale, so I widened the search to the surrounding area.
Based on 15 comparable homes that sold in Riverdale over the past two years, from 31 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $879K, which is where my estimate comes from.
Per square foot, these ask about $515/sqft; this home lists at $538/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Riverdale, 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 4.24% via Ratehub.ca (as of September 22, 2026); conventional rates run a little higher.
Mortgage amount $559,920 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,065
- Property tax
- $430
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,495
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,473
- Estimated closing costs
- $10,473
Plus your down payment of $139,980. 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
- $183,891
- Principal paid down
- $69,230
- Interest paid
- $114,661
- Balance remaining
- $490,690
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
About the suite: in Riverdale basements rarely rent out (2 of 8 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 5 whole-home leases in Riverdale signed at a median of $2,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,650. 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 NRC REALTY. MLS®/PropTx.