- Bedrooms
- 3
- Bathrooms
- 4
- Size
- 1,500–2,000sq ft
- Per sq ft
- $497at the range’s middle
- Lot
- 39.44 x 114.8 ft
- Tax a year
- $5,0302025 tax year
- Parking
- 62 attached
- Days on market
- Members
The brief
About 55 Magnificent Way
55 Magnificent Way is a 3-bedroom, 4-bathroom detached house in Binbrook, Hamilton, listed for sale at an asking price of $869,900 (MLS® X13829336).
Welcome to 55 Magnificent Way, a beautifully appointed detached home in the desirable Binbrook community. Offering approximately 1,860 sq. ft. of living space, this spacious 3-bedroom, 4-bathroom residence combines comfort, functionality and style. The inviting main floor features a warm and welcoming living space with fireplace, well-appointed kitchen and convenient 2-piece powder room. Upstairs offers three generous bedrooms, including a spacious primary suite with private ensuite, plus a second full bathroom. The finished basement adds valuable flexible living space with an additional 2-piece bath-perfect for a recreation room, home office, gym or guest area. Enjoy outdoor living on the rear deck, along with the convenience of a double garage and ample driveway parking. Situated in a desirable family-friendly neighbourhood close to parks, schools, shopping and local amenities. Move-in ready and offering exceptional versatility for today's lifestyle-don't miss this opportunity to make Magnificent Way your new home!
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall17/100−$1,888/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 86 detached homes with 3 bedrooms for lease in Hamilton right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,030 / 2025
- MLS® number
- X13829336
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 39.44 x 114.8 ft
- Listed on
- Parking
- 2 Attached, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Binbrook
- Municipality
- Hamilton
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 4
- Bathroom Details
- 1 × 4pc 2nd, 1 × 4pc 2nd, 1 × 2pc Main, 1 × 2pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 4
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 39.44 ft
- Depth
- 114.8 ft
- Lot Size
- 39.44 x 114.8 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- fridge, stove, washer, dryer, dishwasher
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Primary | 3.68 × 5.61 m | — | 2nd |
| 2nd Br | 3.2 × 3.73 m | — | 2nd |
| 3rd Br | 3.2 × 3.73 m | — | 2nd |
| Dining | 3.05 × 5.33 m | — | Main |
| Breakfast | 2.67 × 3.35 m | — | Main |
| Living | 3.35 × 5.33 m | — | Main |
| Kitchen | 2.74 × 3.05 m | — | Main |
| Laundry | 1.83 × 2.26 m | — | Main |
| Rec | 6.02 × 7.85 m | — | Bsmt |
Listing history
Buy/sell history for 55 Magnificent Way, Hamilton, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $869,900 | N/A | For Sale | X13829336 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $173,980
- Total mortgage amount
- $695,920
- Total interest payment
- $494,780
- Total purchase cost
- $1,364,680
- Mortgage payment
- $3,969/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
58%Monthly carrying cost
$4,388- Rent $2,500
- Shortfall $1,888
Rental income opens at $2,500, the median asking rent of 86 comparable homes for lease in Hamilton. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $13,873
- Total land transfer tax
- $13,873
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $9,873
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $869,900
- $9,398
- Ontario total
- $13,873
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 4,528 sq ft421 m²
- Street frontage
- 39.44 ft12 m
- Depth
- 114.8 ft35 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- No mapped wetland within 120 m120 m
- 8 water-supply wells recorded within 250 mAll were drilled for domestic use; 4 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 22.9 m.250 m
- Groundwater recorded about 10.7 m below ground nearbyThe middle water level in the well records within 500 m (33 records). It changes with the season and from spot to spot.500 m
- Bedrock about 22.3 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity2
- Inside the Greenbelt (Protected Countryside)These provincial plans set policies on new buildings, new lots and some changes to the land; the municipality can say which apply to this property.At the address
- Nearest airport: 8.8 km8.8 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- 1 recorded oil, gas or salt well within 250 mFrom Ontario’s petroleum well records, which include old and plugged wells.250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Hydro One Networks Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.70 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, SkyChoice Communications, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Niagara Peninsula Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in Binbrook right now
- For sale now
- 24
- Median asking price
- $925K
- New in 7 days
- 4
- Price cuts
- 21%
Middle half: $892K to $996K
13 in 28 days
5 listings
This home is asking 6% below the median, lower than three quarters of them.
See all homes in BinbrookAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St. Matthew Catholic Elementary SchoolHamilton-Wentworth CDSB | Catholic · grades JK–8 | 500 m | 67%Grade 6 average |
| Bellmoore Public SchoolHamilton-Wentworth DSB | Public · grades JK–8 | 1 km | 63%Grade 6 average |
| Our Lady of Hope Catholic Elementary SchoolHamilton-Wentworth CDSB | Catholic · grades JK–8 | 2.1 km | 82%Grade 6 average |
| École élémentaire Michaëlle Jean Elementary SchoolHamilton-Wentworth DSB | Public · grades 1–8 · French Immersion | 2.2 km | 76%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Bishop Ryan Catholic Secondary SchoolHamilton-Wentworth CDSB | Catholic · grades 9–12 | 7.2 km | 51%Grade 9 math |
| Saltfleet High SchoolHamilton-Wentworth DSB | Public · grades 9–12 | 7.8 km | 48%Grade 9 math |
| Nora Frances HendersonHamilton-Wentworth DSB | Public · grades 9–12 | 9.8 km | 39%Grade 9 math |
| St. Jean de Brebeuf Catholic Secondary SchoolHamilton-Wentworth CDSB | Catholic · grades 9–12 | 10 km | 52%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
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Sold prices in Binbrook are shown to signed-in members.