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$ 949,000
Est. payment /mo
New
129 Margaret AVE Hamilton, ON L8G 3G7
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Stoney Creek
MLS Listing ID X13606342
Style Backsplit 4
Bedrooms 4
Annual Tax Amount $6,265
Tax Year 2026
Property Sub-Type Detached
Property Description
A rare opportunity in one of Stoney Creek's quiet, established neighbourhoods! Custom-designed and built in 1979 for the original owners, this exceptionally solid and lovingly maintained home reflects true pride of ownership. Most major improvements were completed around 2008, while the roof, windows, exterior doors and garage doors remain in very good condition. Set on an impressive 86 x 175 ft lot and surrounded by attractive newer custom homes, the property offers outstanding possibilities. Buyers may explore severance into two approximately 43 x 175 ft building lots, subject to Committee of Adjustment and all municipal approvals. At roughly $450,000 per potential lot, the land value alone presents a compelling opportunity. The existing home also offers excellent multi-generational or investment potential, with the possibility of creating up to three independent living areas, each with its own entrance, subject to required permits and approvals. The partially finished basement has separate access through stairs from the garage. Estimated potential gross rental income could reach approximately $7,000 per month once properly configured and approved. Enjoy a peaceful setting close to schools, shopping, parks, Downtown Stoney Creek, Confederation GO Station and the Lake Ontario waterfront, with quick access to the QEW for easy travel toward Hamilton, Burlington, Toronto or Niagara. Live in it, rent it, renovate it, or explore the redevelopment potential-this is the kind of property that rarely comes to market.
Location
State ON
County Hamilton
Area Hamilton
Rooms
Family Room Yes
Basement Partially Finished, Separate Entrance
Kitchen 1
Interior
Interior Features Water Heater, In-Law Capability
Cooling Central Air
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 86.0
Lot Depth 175.0
Total Parking Spaces 6
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by SUTTON GROUP QUANTUM REALTY INC.