Luxury homes are prime pieces of real estate that exude refinement and exclusivity. Offering privacy and ample living space, these upscale properties are usually custom-built using premium materials and boasting luxurious designs. A lavish home showcases not only interior elegance, but also exterior appeal and provides high-end amenities inside and out. What’s more, luxury homes also usually have a story or history attached to them — they were either built by a prominent architect or are situated in a prestigious location. Showcasing steep price tags, professional real estate guidelines typically place high-end properties in the top 5% or 10% of the local housing market. People who buy luxury homes are usually high-net-worth individuals.
What is the difference between a house and a mansion?
While a standard house entails typical floor plans and amenities, a mansion is an imposing, single family luxury home with opulent and extravagant details.
What qualifies a mansion as a mansion?
Boasting a higher-than-average number of square feet and excess bedrooms and bathrooms, a mansion is much more than a big house for sale. Rather, it comes with high-end finishes and top-of-the-line appliances, as well as energy-efficient systems and smart home features. Sitting on huge lots of land, luxury mansions also boast breathtaking landscaping and unique architectural details. The typical designs for these buildings include classical, colonial or Victorian styles. They also offer some of the finest amenities and can entertain large groups of people. For example, mansions usually include commercial-grade kitchens and multiple common areas and leisure spaces — such as great rooms; lounges; games and theater rooms; gyms; spa facilities; pools; tennis courts; gardens with water features; hiking trails; guest houses; and so on.
What is the difference between a house and a villa?
A villa is a luxury property typically located in the countryside or on the coast. While a standard house is a family’s primary living residence, a villa is used as a retreat or is rented out as a vacation home when not occupied. A villa is a refined luxury estate with an airy design, including rich amenities and providing seclusion. These luxe properties usually come with lovely outdoor landscaping and boast a patio/terrace, a front garden and a private pool. They are either single detached or semi-detached and are part of a gated community, typically within a resort.
How do I find mansions for sale near me?
Mansions nearby are just a few clicks away on Point2. Check out the list of available expensive houses for sale on the website and select the ones near your location using the map view.
How many luxurious houses for sale are available in Hamilton, ON?
On Point2, you’ll find 498 luxury homes for sale in Hamilton, ON, with prices ranging from $1,029,000 to $29,000,000.
How do I search for Hamilton, ON luxury homes for sale?
Finding Hamilton, ON luxury real estate has never been easier on Point2. Simply filter the available listings according to price, square footage, number of bedrooms and bathrooms, or any amenities you might be interested in. Price drops are another feature at your disposal. This is especially useful in finding mansions for sale in Hamilton, ON that have reduced their asking prices in the last six months. Just be sure to save your search in order to receive new high-end listings that match your preferences directly to your inbox.
Situated 75 km from Toronto, Hamilton is Canada’s tenth largest city with a population of around 504,000. Rich in culture, known for its distinctive urban feel as well as recreational activities, Hamilton has a mix of everything and is close to the US border. The climate in Hamilton is classed as humid continental and is fairly moderate in comparison with other areas of Canada. Since Hamilton sits at the west end of Lake Ontario, this contributes to the changeable weather patterns. Winters are generally cold, with temperatures averaging around -8°C in January and February, and summers are hot and humid averaging around mid-to-high 20s.
Hamilton boasts a rich history and social background, which is celebrated by the museums in the city, such as the Canadian Warplane Heritage Museum, HMCS Haida, The Art Gallery of Hamilton, the McMaster Museum of Art, and attractions like the Royal Botanical Gardens. The city has a thriving theatre scene, and is home to a number of sports teams.
The Toronto-Hamilton region is highly industrialized, with manufacturing being a key industry, along with agriculture and bioscience. As much as 60% of Canada’s steel is produced in Hamilton, giving itthe name of the Steel Capital of Canada. The city has a diverse population with over 20% of its local residents born outside of Canada. Hamilton has grown significantly in recent years, with common ancestries (other than Canadian) including Italian, English, Scottish, and German. Hamilton is also home to a large Francophone community and a number of services are available in French.
Hamilton enjoys a very strong real estate market and is set to see substantial growth in the coming years, largely attributed to its close proximity to Toronto, one of Canada’s highest priced cities. Many move-up and first-time buyers are turning to more urban areas such as Hamilton especially since it has such great transport systems and strong confidence in the economy.
Ontario has seen a jump in real estate prices in recent years, of as much as 20% between 2015 and 2016, mostly due to affordable real estate especially in the form of detached, single-family homes. It’s currently more of a seller’s market, since inventory is fairly low, however the property market should see a small uplift from the new condo developments in Downtown Hamilton.
Ongoing developments such as increased GO train services in the region to surrounding areas and the upcoming LTR project will also support Hamilton’s real estate market and make commuting to Toronto via transit much more convenient. The average residential sale price in Hamilton was around $535,000 in 2016.
Hamilton’s luxury market is thriving, and homes priced over $1-million saw a huge increase between 2015 and 2016. Buyers are moving into Hamilton from the Greater Toronto Area, especially first-time buyers, and move-up buyers are becoming more active and making larger investments. The demand for luxury homes in Hamilton is expected to sustain its strong market, and more affluent and higher-priced areas with luxury homes include Flamborough, Burlington, and Ancaster.
Increasing economic momentum is supporting the luxury market, as well as an upward trend in Toronto’s luxury market which has caused people to move away from the GTA. It may also be driven by foreign buyers and investors who are looking outside of real estate hubs like Vancouver, which recently implemented the Foreign Buyer’s Tax. Hamilton is an attractive place to raise a family with strong economic growth and well-paid jobs, and there isa selection of larger, high-quality high-end homes available to buyers at a price that can’t be matched in Toronto.
The luxury market is definitely in favour of both buyers and sellers, with buyers being able to take advantage of affordable luxury housing, and sellers being able to take advantage of the demand for luxury property.