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For Sale
Open House Sun 1820

166 Terrace Drive

Balfour, Hamilton, ON
$798,000
3+2Bd
2Ba
900+sqft
7Parking
67.72 x 103.14 ftlot
$887/sqft
DetachedMLS# X12473059Listed 2025-10-21179 DOM
Cooling
Central Air
Basement
Finished

On the market for 179 days — longer than average. The seller may be open to negotiation.

About this home

Welcome to 166 Terrace Dr. in the desirable Balfour neighbourhood. This charming all Solid Brick Bungalow is Freshly renovated and move-in ready. Offering 3+2 Bedroom, 2 Full Baths, 2 Kitchens and situated on a Large 67x103 ft Lot with Spacious Hobby Garage, Garden Shed, Private Fully Fenced backyard-ideal for kids or pets with Parking for 7. The Upper Level offers a Bright Open Concept layout great for entertaining with Pot lights and Hardwood Flooring throughout. Separate Side Entrance to a Fully Finished basement with in-law suite, perfect for extended family or potential rental income. The lower level includes Large Kitchen area, a Large Rec room with a fireplace, 2 Bedroom with Jack & Jill 4pc Bathroom. Enjoy this quiet family-friendly neighbourhood across from Norwood Park & Norwood Park Elementary school (French Immersion) with close proximity to; Hospital, College, Dollarama, LCBO, Walmart, Shoppers, Canadian Tire, Schools, Churches and just minutes from the Lincoln Alexander (LINC), and Hwy 403.

GarageRenovatedHardwoodFireplaceIn-law Suite

Rooms

Main Floor
Living Room5.18 × 3.61 m
Dining Room5.18 × 3.61 m
Kitchen3.81 × 2.36 m
Primary Bedroom4.30 × 2.90 m
Bedroom 23.30 × 2.60 m
Bedroom 33.66 × 3.20 m
Basement
Recreation5.49 × 3.78 m
Kitchen3.78 × 3.05 m
Bedroom3.93 × 3.26 m
Bedroom3.93 × 3.41 m

Features

  • Carpet Free
  • In-Law Suite
  • Finished
  • Separate Entrance
  • Central Air
  • Bungalow

Financials

Annual Taxes
$4,835.75

Estimated Rental Income

Entire property$3,200 – $4,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield4.8% – 7.2%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Hamilton

Days on market179 days
Buyer's MarketSeller's Market

Based on active listings in Hamilton. Data updates daily.

Demographics — Hamilton

Population
569,353
Avg Household Income
$90,000
Age Distribution
0-19
20%
20-34
21%
35-49
19%
50-64
20%
65+
20%
Ownership
65% own · 35% rent
EnglishFrenchArabicItalianTagalog

Our estimate for this home

Priced at the estimate
Estimated range
$718K$835K
Mid-point $776K · ~$863/sqft
How this listing compares
$718KList · $798K$835K
Low confidence·Based on 8 balfour comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$798,000
166 Terrace Drive, Hamilton
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