Hamilton Apartments & Condos For Sale
Condos for Sale in the Hamilton area run the gamut. From luxury buildings with incredible amenities to more affordable units perfect for first-time buyers and investors, there’s a range of condos available to meet any expectations.
In 2020, the average price for a Hamilton condo was $408,000. Although prices in the area continue to rise year-over-year, apartments for sale in Hamilton still represent fantastic value for buyers looking to enter the real estate market.
Most of the area’s condos can be found in Central Hamilton, however, there are numerous low-rise condo buildings and townhouse condos available in outlying areas.
Interested in buying your very own Hamilton condo? Take a look at some recent listings:
Upcoming Hamilton Condo Developments
Hamilton is currently in the midst of a development boom. The city is experiencing exponential growth with the construction of a new LRT, expanded GO Train services, and an all-new entertainment district in the works. There’s even more growth and development planned over the next 30 years.
Today, the city attracts a range of young professionals who are looking for investment opportunities without the fuss of owning a home with property attached. For this population, condo life is appealing for many reasons.
Most condos for sale in Hamilton, Ontario are located in prime locations, conveniently close to amenities. Central Hamilton neighbourhoods like Beasley and Jamesville are among the top local condo destinations as well as closeby neighbourhoods like Stinson. Outlying Hamilton communities like Dundas and Stoney Creek are also popular locations for upcoming condo developments.
Michael St. Jean Realty is the preferred sales partner for numerous top developers in Hamilton. If you’re in the market for a new condo for sale in the Hamilton area, we can help. Check out some of our upcoming condo developments and register today for VIP access:
Premium Hamilton Condo Amenities
Buying a Hamilton condo for sale is slightly different from buying a resale home. For buyers, the amenities and desired features are what’s truly important. Whether you’re browsing online or looking at local condos in person, there are a few things you should look out for:
One of the key differences between living in a condo vs. a freehold home is having to pay condo fees. This is a monthly cost that is required over and above your mortgage and insurance payments. Condo fees are paid to the building management to pay for the maintenance and upkeep of the building outside of your personal unit.
When looking for a condo for sale in Hamilton, On, make sure the condo fees are proportionate to the level of service you are getting from the property manager. A few examples of maintenance covered by condo fees could include:
- Lawn care
- Snow removal
- Concierge and security
- Building exterior repairs
- Common area maintenance
- Gym and pool maintenance
If you are registered for a pre-construction condo, you will probably have some say in the appliances and finishes you ultimately end up with. Resale condos have less say over the finishes. Luxury condos and apartments for sale in Hamilton are unique, but some of the most impeccable features in a premium Hamilton condo include:
- Stainless steel, high-quality appliances such as Bosch, Miele, etc.
- In-unit front-loading washing machine and dryer units
- Energy-efficient heating and cooling systems with smart thermostats
- Tankless water heaters to save space
- Large, floor-to-ceiling windows
- Spacious floor plans
- Ensuite bathrooms and walk-in closets
- Large balcony or rooftop patio
- And more!
They say home is where the heart is, and the same rings true for Hamilton premium condos for sale. Whether you prefer being at the centre of downtown close to the hustle and bustle or you prefer to look over the city with a spectacular view of the Hamilton skyline in a quieter neighbourhood, there are premium Hamilton condos available for you. Most of the best condos in the city are at least situated close to excellent amenities such as:
- Trendy restaurants
- High-end shopping areas
- Excellent entertainment
- Easy access to transit
- Parks, walking trails, waterfalls, and more
Why Buy a Condo in Hamilton
Hamilton condos for sale represent a fantastic opportunity to invest wisely in the local real estate market. There are many reasons why buying a condo in Hamilton is a good idea. Whether you think about the city’s growing population, infrastructure developments, economic drivers, and more, buying in Hamilton is almost always a good idea.
In 2020, the average price for a condo in Hamilton was $408,000, significantly lower than nearby cities like Toronto or even Burlington. Although prices are on the rise, Hamilton condos still offer great value compared to other cities and the style, amenities, and proximity make them a fantastic choice for a variety of buyers.
First-Time Buyers
Buying a condo as a first-time buyer is an excellent idea. Not only does it give you a chance to get your feet wet in the real estate market, but a condo is also a natural next-step progression from living in an apartment to achieving homeownership.
Hamilton condos are situated in many neighbourhoods that are popular with young professionals and trendy amenities, meaning you can surround yourself with like-minded people and always stay close to your work and favourite coffee shop.
Condos are also somewhat easier to maintain than a freehold home, which is nice for first-time buyers who are just starting to learn the intricacies of home maintenance.
Downsizers
With its beautiful nature trails, fantastic urban amenities, simplified transit options, and reasonable prices, Hamilton is a dream come true for empty-nesters and retirees hoping to downsize.
There’s always something fun to do in Hamilton, and simple pleasures to keep you active and engaged in the local community. Downsizing buyers tend to prefer low-maintenance living, which is exactly what you get with a Hamilton condo.
Investors
Hamilton is home to several post-secondary schools, making it a really big college town. In addition to needing housing for all the students, the universities are among the largest employers in town too.
Many people associated with the schools are looking for nice, comfortable, convenient, affordable rentals. Buying a condo in Hamilton to rent it out is a smart move since the price of real estate in the region continues to appreciate year-over-year.
Wondering about the best Hamilton neighbourhood for you? Check out some of our community guides here:
Why Sell a Condo in Hamilton
For all the reasons that buying a condo in Hamilton is a good investment, the same can be said for selling a condo here. Simply put, Hamilton is a desirable place to live and buyers are scrambling to get here as prices continue to rise in neighbouring cities.
Whether you’re part of a young family looking to move up into a detached house or you feel like the time is right to cash in on your long-term condo investment, selling a condo in Hamilton right now is certainly a good idea.
With low inventory expected to prevail for the next couple of years at least, we are in a strong Seller’s Market. Here are a few other reasons why it’s a great time to sell your Hamilton condo now:
- The city has a diverse population and economy with many young professionals choosing to live here and work in Toronto
- Improvements to Hamilton’s public transportation and GO Train services will make it even easier for commuters to live here and work elsewhere
- Rising real estate prices across the GTA mean that more buyers will be looking for smaller, more affordable investments, such as condos, to get their foot in the door
- The city is undergoing major developments growth in the arts, entertainment, and education sectors, in fact, McMaster University is currently the city’s largest employer
- Condos are great for a variety of buyers and can appeal to a wide section of people including first-time buyers, young families, downsizers, and investors alike.
Take a look at our latest Market Update blog posts to learn more about selling in today’s market:
Find the Right Apartment in Hamilton with Michael St. Jean Realty
Michael St. Jean Realty is the preferred sales partner for many top developers in Hamilton. Whether you’re looking for a new construction or a resale condo, we have a great relationship with local developers and building management companies to help you find the right Hamilton condo for sale.
With over 40 years of collective experience on our team, we know what to look for when negotiating condo sales and purchases whether it’s asking for a condo certificate of status, negotiating assignment sales, or simply making sure you get the best possible deal, we advocate on your behalf always.
When you choose Michael St. Jean realty for your next condo transaction, you can expect:
- Confidence knowing you are being represented by one of the top real estate teams in Canada.
- Access to real-time MLS condo listings before the general public gets to see them.
- Access to exclusive power of sales and estate sales
- Exclusive insider access to new condo developments and subdivisions before they become available to the public.
- 24/7 availability from our team of real estate experts.
- Savvy negotiation skills from our team to help you find the condo you want at the best price.
- Access to the best financing and terms available.
Ready to get started? Book a Buyer’s Consultation with us here:
FAQ
In 2020, the average price of a condo for sale in Hamilton, On. was $408,000. Prices in the region vary and are beginning to trend upwards in a competitive Seller’s Market, but in general, condo prices in Hamilton are less than neighbouring cities like Toronto and Burlington.
Central Hamilton has one of the densest availability of Hamilton condos for sale. These high-rise and low-rise buildings offer great variety for buyers who want to stay close to the hustle and bustle of downtown. Other neighbourhoods like Stoney Creek and Dundas are also starting to pick up steam with new developments
If you are looking for an affordable condo in Hamilton, it’s best to look at already-developed neighbourhoods with older buildings. Although the main buildings might be 20-30 years old, in many cases, the units are lovely, renovated, spacious, and close to many amenities. These cheaper condo options are usually located in Central or East Hamilton. Hamilton Mountain condos for sale are also generally more affordable.
Many newer condos in Hamilton come equipped with premium features and finishes, making the cost higher than an older building that needs some work. Some of the most expensive condos for sale in Hamilton are also located in areas like Central and West Hamilton.
Technically no, but there are definite benefits to working with an experienced pre-construction condo real estate agent. For example, registering with a preferred sales partner like Michael St. Jean Realty means you will get access to exclusive deals, events, as well as getting VIP access to the property before it becomes available to the general public. A trusted real estate brokerage like Michael St. Jean Realty also has an excellent rapport with local builders and has their finger on the pulse of what’s new when it comes to condos for sale in Hamilton.
Getting pre-approved is not a necessity, but when buying a local Hamilton condo, it’s always a good idea. Especially in a Seller’s Market where buyers need to be flexible and prove they are serious about making a purchase, getting pre-approved for a mortgage will only make it easier to jump on a deal with the condo of your dreams becomes available. Condos are a desirable sector of real estate, and competition can be high. It pays to have your ducks in a row before entering the market.
Assignment sales are when the original purchaser of the pre-construction property sells off the property before even moving into it. Perhaps the original purchaser has changed their mind or their situation has changed and they can no longer move into the condo. Another scenario involves buyers getting a good deal on the pre-construction project when it’s the pre-phase and then capitalizing on the appreciation of the property once it’s been fully constructed. Assignment sales can sometimes be tricky, which is why it’s a good idea to consult a local Hamilton real estate professional.
Hamilton is a great investment city. With numerous universities in the area and a thriving arts and entertainment industry, the city of Hamilton is full of young professionals looking for rental opportunities. Buying a condo in Hamilton to rent it is often considered a great long-term investment strategy. In general, real estate prices almost always appreciate, making it a solid, low-risk investment.
It’s simple: Ask around! Look for a real estate team you recognize and can trust, and then find out from them and their past clients if they have considerable experience working with condos for sale in Hamilton.
