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For saleMLS® X13720566

201 Terrace Drive, Hamilton, ON L9A 2Z2

Balfour · L9A 2Z2

$625,000

$893 / sq ft

2 months on market

Bedrooms
3+1
Bathrooms
2
Interior
700 sf
Parking
4
Lot
50 × 103 ft

What's special

  • Detached garage
  • Central air
  • Separate entrance
  • Fireplace
  • Primary bedroom - main floor
  • In-law capability
  • In-law suite

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About this property

Exceptional Bungalow in Sought-After Balfour Neighbourhood! This 2-unit bungalow offers outstanding versatility for families, multi-generational living, or savvy investors. Ideally located just a short walk to Norwood Park Elementary School (French Immersion), parks, shops, restaurants, the library, St. Joseph's Healthcare, Mohawk College, and quick access to the LINC and Hwy 403. Inside, you'll find a contemporary interior featuring elegant coffered and coved ceilings, and an impressive restaurant-inspired stainless steel chef's kitchen. The separate side entrance leads to a finished lower level with kitchen, gas fireplace, and excellent potential for an in-law suite or income-generating apartment. Step outside to your private backyard oasis, offering a peaceful retreat in a central location. Energy-conscious buyers will appreciate the EnerGuide energy-efficient rating and the fact that there are no rental items to assume. Situated on an excellent multi-use R1-zoned lot in one of Hamilton Mountain's most desirable communities, this property presents a fantastic opportunity for families, investors, or those seeking flexible living arrangements. Exceptional location, exceptional value, exceptional opportunity.

Rooms

12 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomMain4.06 × 4.52 m13.3 × 14.8 ft—
KitchenMain5.89 × 3.23 m19.3 × 10.6 ftCombined w/Dining
BedroomMain3.20 × 3.45 m10.5 × 11.3 ft—
Bedroom 2Main3.10 × 3.02 m10.2 × 9.9 ft—
Bedroom 3Main3.05 × 2.41 m10.0 × 7.9 ft—
BathroomMain1.98 × 1.50 m6.5 × 4.9 ft4 Pc Bath
RecreationBasement3.38 × 4.95 m11.1 × 16.2 ft—
KitchenBasement2.85 × 3.79 m9.4 × 12.4 ftCombined w/Laundry
BedroomBasement3.10 × 2.34 m10.2 × 7.7 ft—
DenBasement2.64 × 5.00 m8.7 × 16.4 ft—
BathroomBasement1.85 × 2.21 m6.1 × 7.3 ft3 Pc Bath
Utility RoomBasement2.82 × 3.10 m9.3 × 10.2 ft—

Features

  • Primary Bedroom - Main Floor
  • In-Law Capability
  • In-Law Suite

Property details

Property

Property type
detached
Bedrooms
3 + 1
Bathrooms
2
Interior size
700 sq ft
Lot size
50 × 103 ft
Possession
flexible

Interior

Basement
Full, Finished, Separate Entrance
Heating
Forced Air · Gas
Cooling
Central Air
Fireplaces
1
Exposure
East

Exterior & services

Construction
Brick
Garage
Detached
Parking spaces
4
Sewer
Sewer

Costs

List price
$625,000
Property taxes
$5,185 / year (2026)
Price per sq ft
$893

Listing

MLS® number
X13720566
Status
For sale
Listed
August 28, 2026
Days on market
69
Last updated
November 4, 2026
Listing brokerage
RE/MAX ESCARPMENT REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 17% of comparable detached listings in Balfour are asking less.

$604KMedian $684K$745K
This home
$893 / sq ft
Comparable median
$949 / sq ft

Based on 12 comparable active detached listings in Balfour. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.0% · minimum $37,500
$37,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,248.39
Property tax (est.)
$432.08
Estimated monthly
$3,680

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$8,975
Total due on closing
$8,975

An estimate on the asking price of $625,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX ESCARPMENT REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$625,000

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