$659,900
31 Terrace Drive
Hamilton (Balfour), Ontario
2bed2bath
Ontario
Hamilton (Balfour) Real Estate
Browse homes for sale in Hamilton (Balfour) • Median $759,900
$759,900Median Price
30Avg Days on Market
8Detached1Multi- Unit
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About Hamilton (Balfour) Real Estate
Balfour, a charming neighborhood nestled within the vibrant city of Hamilton, Ontario, showcases a unique blend of historical charm and modern convenience. Established in the early 20th century, the area is characterized by its tree-lined streets, quaint homes, and a tight-knit community vibe that draws residents looking for a peaceful yet connected lifestyle. Balfour stands out for its family-friendly atmosphere, with parks and schools contributing to a welcoming environment. The neighborhood's architectural diversity offers everything from classic brick homes to contemporary builds, catering to various tastes and lifestyles.
Balfour is particularly appealing to those who appreciate local amenities and community engagement. The neighborhood features easy access to public transport, making it ideal for commuters heading to downtown Hamilton or Toronto. Residents enjoy the proximity to shopping districts like the Centre Mall, which offers a variety of retail options and dining experiences. Additionally, Balfour's community spirit shines through with events such as local farmers' markets and seasonal festivals, fostering connections among neighbors and celebrating local culture.
The area's unique blend of accessibility, community, and charm makes it a prime location for families, young professionals, and retirees alike. Its strategic location near major highways and public transit options allows residents to enjoy the tranquility of suburban living while being just a short journey away from the bustling city center. Balfour's sense of community, along with its historical significance and modern amenities, truly makes it a hidden gem within Hamilton.
16 active listings with a median price of $798,950.
Lifestyle & Community
Living in Balfour offers a perfect balance of suburban serenity and urban convenience. Residents enjoy a strong sense of community, often engaging in neighborhood events and local cultural activities. The vibe is friendly and inviting, with families frequently seen enjoying the local parks and recreational facilities. Community events, such as seasonal festivals and outdoor movie nights, foster connections among residents. The area's vibrant local culture is reflected in its independent shops, cafes, and restaurants, making it easy for neighbors to support local businesses while enjoying a lively and engaging lifestyle.
Local Amenities
- Balfour Park
- Balfour Community Centre
- Local public library
- Centre Mall shopping center
- Various schools (elementary and secondary)
- Public transit access (bus routes)
- Walking and biking trails
- Nearby medical facilities
- Community gardens
- Local restaurants and cafes
- Grocery stores
- Fitness centers
Points of Interest
- Hamilton Museum of Steam & Technology
- Royal Botanical Gardens
- Chedoke Falls
- Gage Park
- Hamilton Farmers' Market
- Dundurn Castle
- Art Gallery of Hamilton
- Hamilton Waterfront Trail
- Bayfront Park
- Stoney Creek Battlefield Park
Market Overview
The Hamilton (Balfour) real estate market is currently witnessing a median listing price of $798,950, with 16 active listings available. Homes in this neighborhood typically spend an average of 30 days on the market, indicating a healthy turnover rate. The demand for properties in Balfour remains strong due to its attractive community features and accessibility to urban amenities, making it an appealing choice for various buyers. Buyers should be prepared for competitive offers, particularly for well-maintained homes in desirable locations.
Investment Outlook
Balfour presents promising investment opportunities, especially for those looking to enter the rental market. The neighborhood's family-friendly environment and proximity to schools make it an attractive location for tenants, ensuring a steady demand for rental properties. Additionally, ongoing development trends in Hamilton suggest potential for property value appreciation, making Balfour a wise choice for long-term investors. As the city continues to evolve, investing in this area could yield favorable returns.
Ideal For
Balfour is ideal for first-time buyers and families looking for a supportive community, as well as retirees seeking a peaceful yet connected environment. Investors may also find opportunities in this neighborhood due to its rental demand and potential for property appreciation.
Nearby Cities
Living in Hamilton (Balfour)
Lifestyle
Living in Balfour offers a perfect balance of suburban serenity and urban convenience. Residents enjoy a strong sense of community, often engaging in neighborhood events and local cultural activities. The vibe is friendly and inviting, with families frequently seen enjoying the local parks and recreational facilities. Community events, such as seasonal festivals and outdoor movie nights, foster connections among residents. The area's vibrant local culture is reflected in its independent shops, cafes, and restaurants, making it easy for neighbors to support local businesses while enjoying a lively and engaging lifestyle.
Local Amenities
Balfour ParkBalfour Community CentreLocal public libraryCentre Mall shopping centerVarious schools (elementary and secondary)Public transit access (bus routes)Walking and biking trailsNearby medical facilitiesCommunity gardensLocal restaurants and cafesGrocery storesFitness centers
Market Insights
The Hamilton (Balfour) real estate market is currently witnessing a median listing price of $798,950, with 16 active listings available. Homes in this neighborhood typically spend an average of 30 days on the market, indicating a healthy turnover rate. The demand for properties in Balfour remains strong due to its attractive community features and accessibility to urban amenities, making it an appealing choice for various buyers. Buyers should be prepared for competitive offers, particularly for well-maintained homes in desirable locations.
Investment Potential
Balfour presents promising investment opportunities, especially for those looking to enter the rental market. The neighborhood's family-friendly environment and proximity to schools make it an attractive location for tenants, ensuring a steady demand for rental properties. Additionally, ongoing development trends in Hamilton suggest potential for property value appreciation, making Balfour a wise choice for long-term investors. As the city continues to evolve, investing in this area could yield favorable returns.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
$600K – $800K
6
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Frequently Asked Questions About Hamilton (Balfour)
There are currently 7 active residential listings in Hamilton (Balfour). This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.