201 Terrace Drive, Hamilton, ON L9A 2Z2
Balfour, Hamilton · Near Upper James & Mohawk · View map
About this home
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.
The home
- Type
- Detached home
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Basement
- Full, Finished, Separate Entrance
- Lot size
- 50 x 103 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 3
- Total parking
- 4
- Parking features
- Private Double
Taxes & other
- Property taxes
- $5,185/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- flexible
- Cross street
- Upper James & Mohawk
- Neighbourhood
- Balfour
More
- Price per sq ft
- ~$694 (at 900 sq ft)
- MLS® number
- X13720566
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The home and its surroundings
- Primary Bedroom - Main Floor
- In-Law Capability
- In-Law Suite
- Park
- School
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
201 Terrace Drive, Hamilton, ON L9A 2Z2
Balfour, Hamilton · Near Upper James & Mohawk
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Listing history for 201 Terrace Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 201 Terrace Drive
Answers come straight from this home’s MLS® listing.
How much is 201 Terrace Drive listed for, and what would it cost each month?
201 Terrace Drive is listed for $625,000. With 20% down ($125,000), the mortgage payment would be roughly $2,521 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,953 a month, all in. That figure is an illustration, not a quote.
Is 201 Terrace Drive freehold or a condo, and is there a monthly fee?
201 Terrace Drive is a detached home in Balfour, Hamilton. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 201 Terrace Drive have?
201 Terrace Drive has 3 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms. The listing gives the style as bungalow.
Does 201 Terrace Drive have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 3 spaces. In total the listing counts 4 parking spaces.
Does 201 Terrace Drive have a finished basement?
The listing describes the basement as full, finished, separate entrance. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 201 Terrace Drive?
201 Terrace Drive is a detached home. A detached home stands on its own lot with no shared walls.
How big is 201 Terrace Drive, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 103 ft.
How is 201 Terrace Drive heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 201 Terrace Drive?
Property taxes are $5,185 a year (2026), or about $432 a month.
Where is 201 Terrace Drive?
201 Terrace Drive is in the Balfour community of Hamilton. The nearest main intersection is Upper James & Mohawk. The postal code is L9A 2Z2.
Is 201 Terrace Drive still for sale?
Yes. It is an active listing (MLS® X13720566). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 201 Terrace Drive asking?
Similar properties for sale nearby right now include 180 Terrace Drive at $679,900 (3 bed), 137 Terrace Drive at $674,900 (2+2 bed) and 687 Upper James Street at $689,000 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 201 Terrace Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 201 Terrace Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Balfour, picked by style, size and price.
Detached home$679,900180 Terrace Drive, Hamilton3 bed · 2 bath · BalfourCourtesy of: RE/MAX ESCARPMENT GOLFI REALTY INC.View home →
Detached home$674,900137 Terrace Drive, Hamilton2+2 bed · 3 bath · BalfourCourtesy of: ONE PERCENT REALTY LTD.View home →
Detached home$689,000687 Upper James Street, Hamilton3+2 bed · 2 bath · BalfourCourtesy of: CITYGATE REALTY INC.View home →Courtesy of: RE/MAX ESCARPMENT REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.