Cheap Houses and Condos for Sale in Hamilton

Prices from $84,700 CAD to $199,900 CAD Listings last updated 12/14/2017

Cheap Homes in Hamilton:

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Finding cheap houses for sale in Hamilton, ON

Get instant access to a lot of relevant information about Hamilton, ON real estate, including property descriptions, virtual tours, maps and photos. Point2 Homes gives you far more than a simple list of cheap houses for sale in Hamilton, ON, as the search results pages also have a lot of information on Hamilton, ON, right below the listings. Among the deep filtering functions on Point2 Homes, you can use Hamilton, ON real estate prices, square footage, amenities and many other criteria to help narrow down your search. Price drops are another feature at your disposal, which can be especially useful when you’re looking for cheap houses or cheap condos.

There are 41 cheap houses for sale in Hamilton, ON

Use the map view to find Hamilton, ON cheap homes for sale, based on city features or amenities that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Never miss an opportunity for a cheap home, by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences and your budget. If you’d like to get in touch with a professional, agents are displayed next to their listings, and they’re easy to contact through the online forms or directly by phone – all their contact information is displayed. If you want more options in terms of professional advice, you can click the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in Hamilton, ON. Visit the Point2 Homes blog and you can find up to date expert advice on many markets throughout Canada, regular market reports, neighbourhood scoops in cities throughout the provinces, best deals for cheap homes, and other useful recommendations.

CITY GUIDE
HAMILTON, ONTARIO

With a population of over 500,000, Hamilton is Canada’s tenth largest city and is located in the province of Ontario. Just 75 km from Toronto, and within a 1h30min drive to Buffalo, USA, Hamilton is very conveniently located and sits at the west end of the famous Lake Ontario. The city enjoys prominent seasons and a climate that is largely influenced by the lake. Summertime is fairly hot and humid, while the winter months experience cold and often snowy conditions, averaging around -8°C in the height of winter.

Hamilton combines city life with outdoor activities, and is economically very strong with manufacturing being the leading industry. Steel is heavily produced here – in fact, as much of 60% of Canada’s steel comes from Hamilton – and the manufacturing industry is a large source of employment. Agriculture and bioscience are also strong drivers in the economy.

Hamilton’s population is growing, with around 20% of its population not born in Canada. The city has a large Italian community, and English, Scottish, Irish, and German nationalities are prominent too. Hamilton has a large Francophone community and bilingual services and schools. Popular attractions include the Canadian Warplane Heritage Museum, HMCS Haida, The Art Gallery of Hamilton, the African Lion Safari Park, and the Royal Botanical Gardens. The city has an active arts and culture scene, with a number of theatre companies in the city, as well as a range of historical, contemporary, and modern artwork at the McMaster Museum of Art.

Popular areas in Hamilton include: Ancaster, Dundas, Flamborough, Glanbrook, Hamilton Centre, Hamilton-East and Hamilton Mountain.

Hamilton, Ontario

Hamilton, Ontario
real estate market overview

Real Estate Market Overview

With a thriving real estate market that’s experienced stable growth in recent years, Hamilton is a great option for both first-time and move-up buyers. Labelled as one of Canada’s hottest property markets, Hamilton is very desirable due to its close proximity to Toronto and great transit links. Transport projects have been planned and the GO train services in the region are due to be developed, meaning that it’s possible to commute to other major cities but still enjoy the Hamilton lifestyle and affordable real estate. In 2016, the average house price was $535,000, but old, single-detached homes can be found for around $300,000 in certain areas.

First-time and move-up buyers are taking advantage of Hamilton’s market, and are moving out of Toronto and the GTA in search of more cheaper housing and more space. Detached, single-family homes are popular, and inventory is fairly low due to a greater demand than supply, but developments are planned for Hamilton especially in the Downtown area which should help to ease the pressure. With a strong economy and good employment levels, Hamilton is a popular choice for those looking to enter the property market and is very cheap compared to places like Toronto and Vancouver.

real estate market overview

Cheap Real Estate Market Overview

Many people are turning to the Hamilton area in search of cheap housing, especially first-time buyers and young professionals from major cities such as Toronto. It’s possible to find an older, single-detached home in Hamilton for around $300,000, which is much cheaper then other areas of Canada. Prices are rising, along with demand, and more people are moving away from property hot spots such as Toronto and to more urban areas that boast more realistic housing prices.

However, despite Hamilton’s uplift, prices are still relatively low compared to other major cities in Canada. Hamilton’s condo market is thriving, led primarily by young professionals and retirees either looking to enter the property market or looking to downsize. In 2016, condo sales increased by 21% (comprising both new builds and resales), and the Downtown area is very popular due to its positioning close to Lake Ontario and its beautiful views. Areas such as the Old City of Hamilton are considered as more affordable compared to other areas around Hamilton, but are very much in demand. It’s thought that an issue of supply and demand is driving the increase in house prices – with there being more buyers than there are sellers – which is causing a boost in the market.

cheap real estate market overview

Read more about living in Hamilton, Ontario.