50 East Crest

Nestled in the prestigious Ancaster area, this remarkable house for sale in Hamilton presents an exceptional opportunity for potential buyers. Located at 50 East Crest, Hamilton, this property sits on a generous 50 x 200 feet lot, offering ample space for various possibilities. The location is tucked away on a quiet court, providing a sense of seclusion while still being just a stone's throw away from the vibrant community amenities.

The existing structure is a detached bungalow, constructed from sturdy brick, and while it currently has one room, it has been stripped back to the studs. This means that the house for sale in Hamilton is essentially a blank canvas, ready for a creative touch. With no bedrooms or bathrooms in its current state, this property allows for complete flexibility in terms of renovation or redevelopment. The existing home has been prepared for major work, with significant demolition already completed, enabling buyers to dive straight into their renovation plans.

One of the standout features of this house for sale in Hamilton is the potential it holds for building a new luxury residence. With fully approved permits in place for a stunning 5,488 sq. ft. two-storey home, buyers can skip the lengthy approval process typically associated with new builds. The necessary sewer, storm, and water lines have already been upgraded, making this property shovel-ready. This is a fantastic opportunity for builders or those looking to create their dream home without the usual delays.

If you're considering your options, there are three distinct paths you can take with this property. Option one allows you to purchase the house as-is and embark on a renovation journey, transforming this blank canvas into a personalised haven. The second option is to take advantage of the approved permits and build a new luxury home, allowing you to proceed directly to construction. Lastly, the third option offers a turnkey luxury build, where you can secure the lot and permits and work with the current builder to create a bespoke residence tailored to your preferences.

While the property does not feature a kitchen, family room, or garage, it does come with the advantage of a private driveway that accommodates up to six parking spaces. This is particularly beneficial for families or those who enjoy entertaining guests. Additionally, the house for sale in Hamilton is equipped with internet access, ensuring that you remain connected in this tranquil setting.

The location of 50 East Crest, Hamilton, is truly unbeatable. Just a short walk away is the Hamilton Golf & Country Club, perfect for golf enthusiasts or those looking to enjoy the beautiful surroundings. Moreover, the property is conveniently located minutes from Highway 403, making commuting a breeze. The nearby Meadowlands shopping area and various Ancaster amenities provide everything you need within easy reach.

As this property is currently under renovation, it is essential to exercise caution when viewing. A flashlight is required to navigate the space safely. The house for sale in Hamilton offers a unique opportunity for end-users, renovators, or builders to create something truly special in a prime location. Whether you choose to renovate the existing structure or embark on a new build, the potential here is immense. Don't miss out on this rare chance to secure a piece of Ancaster real estate at 50 East Crest, Hamilton.

Ancaster, a charming suburb nestled within the city of Hamilton, Ontario, offers a delightful blend of historical charm and modern convenience. Known for its picturesque landscapes, Ancaster features lush parks, scenic trails, and the stunning Ancaster Village Green, which serves as a hub for local events and gatherings. The area boasts a rich heritage, with beautifully preserved buildings and a quaint village atmosphere, making it an ideal spot for those who appreciate a sense of history. Residents enjoy easy access to a variety of amenities, including boutique shops, cafes, and excellent schools, all while being just a short drive from the vibrant urban life of Hamilton. With its friendly neighbourhood vibe and strong community spirit, Ancaster presents an inviting option for anyone looking to settle in a peaceful yet connected environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find Rousseau Elementary School (0.7 km) and Ancaster Meadow Elementary School (1.0 km), both offering English-language instruction for grades JK to 6 and JK to 8, respectively, with school ratings of 6.9 and 6.6. For secondary education, Ancaster High Secondary School is just 3.3 km away, boasting a school rating of 7.1. Additionally, Frank Panabaker Elementary School, located 2.7 km from the property, offers French-language instruction for grades 1 to 8, though it currently has no rating. Immaculate Conception CES, a Catholic elementary school, is 1.6 km away, providing education from JK to 8 with a rating of 6.3. Lastly, Bishop Tonnos CSS, a Catholic secondary school, is situated 3.2 km from the property and has a school rating of 7.2. Overall, the area is well-served by a variety of public and Catholic schools, ensuring quality education options for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, affluent community with a population of 404 residents as of 2021. The average household consists of 2.6 individuals, with an average age of 48 years. The area's economic status is notable, with an average household income of $160,000, and only 5.6% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $1,120,000. Socially, the community is diverse, with 34.29% of residents being single and 38.46% living in households with children. Immigrants make up 13.58% of the population, contributing to the area's cultural richness. The rental market is limited, with only 13.33% of residents renting their homes, and there are no condominiums present. Education is highly valued, as evidenced by the 73.91% of residents holding a college or university degree. However, a significant portion of the population, 42.03%, is not in the labor force, which may indicate a retirement community or a demographic that prioritizes education and family life over traditional employment. Overall, this area offers a unique blend of affluence, education, and family-oriented living.