Homula Realty Brokerage
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2 Rembe Avenue, Hamilton, ON L8H 7G6

Vacant Land
$389,990
Property tax
$2,912 / year

Don't miss this exceptional opportunity to build your dream home in the highly sought-after Hamilton Beach community, surrounded by beautiful new custom homes. Plans and drawings for a proposed 2-storey detach home of approximately 2,890 sqft of living space and a potential to add 1,178 sqft loft giving you over 4,000 sqft of usable space at this property, are available to the purchaser, offering a head start on your building project. Ideally located on the Burlington border, this property provides convenient access to the GTA and is just minutes from the QEW. Enjoy an active waterfront lifestyle with Lake Ontario directly across the street and access to a scenic 12-kilometre waterfront trail stretching from downtown Burlington to Stoney Creek, perfect for strolls, jogging, or cycling while taking in breathtaking shoreline views. An excellent opportunity for builders, investors, or end users looking to create a custom home in a rapidly developing neighbourhood. See attached drawings.

MLS number
X13492496
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L8H 7G6
Photos
23
78days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 788 people.

$93,000Median household income
81.8%Own their home
65.2%Detached houses
42Median age
17%Born outside Canada
19.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250787 — the few blocks around this address, home to 788 people. It describes the area, not this property.

788Population
41.8Average age
2.3Household size
$99,600Average household income
$93,000Median household income
82%Own their home
18%Rent
20%Condominiums
17%Born outside Canada
20%University degree
$655,000Average home value
7%Low income
44%Not in the labour force
28%Never married
$20,000 to $24,9991%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9991%
$40,000 to $44,9993%
$45,000 to $49,9991%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9995%
$100,000 and over32%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over6%

Percentages are of the 485 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$77,998 · minimum here is $19,500
$1,726.79per month
Borrowed before insurance$311,992
Total borrowed$311,992
Interest over 25 years at 4.5%$206,045

If you rented it out

-$1,969.46per month out of pocket
Rent$0.00
Everything it costs to hold$1,969.46
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by COLDWELL BANKER IKC REALTY. Listing data provided by the Toronto Regional Real Estate Board.