5-Bed Family Home with Finished Basement in Waterdown West

Property details for 31 Grindstone Way, Hamilton

Type: Residential
Style: Contemporary
Bedrooms: 5
Bathrooms: 4
Living Area: 1,849 square feet
Stories: 2
Basement: Finished, Full
Parking: Attached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,463

31 Grindstone Way is a real space hog. You're getting 5 bedrooms and 4 full bathrooms across 1,849 square feet above grade and a full finished basement. Main floor has this open layout that connects the living and dining areas, and the kitchen actually has vintage pocket doors that slide shut to close things off. Granite counters and stainless steel appliances are all there, and it walks out to a deck that's only a couple years old. Second floor holds four bedrooms, and the primary suite has its own 4-piece bathroom. But the real flexibility comes from the basement. It's got a fifth bedroom, a decent rec room, laundry, and a brand new 3-piece bathroom, which makes it actually usable for teens or guests instead of just storage. The backyard is fully fenced with patio stone seating, so summer evenings are sorted. Waterdown West is a commuter-friendly spot, and you're only 0.6 km from Boston Pizza when you don't feel like cooking. Schools nearby are okay, but Dundurn Castle is 5.8 km away if you want a history fix. At $1,024,900, this falls below the local median of $1,049,999, which is interesting given how quickly things move around here-typically 4 days on market. Lot is 35 feet wide, and you get a 6-car driveway plus an attached garage. Brick exterior, forced air gas heating, central air. Property taxes run about $6,463 a year. Place is priced to move, honestly.

About 31 Grindstone Way, Hamilton — Property Score

Prime Location Feature Rich

Score: 62/100

Value

Priced 46.4% above area median of $699,950 based on 140 comparable properties nearby 1

$554/sqft - 41.3% above the $392/sqft area median 8

Stable pricing - no price changes since original listing date 50

Size

1,849 sqft - 14% less space than similarly priced homes (2,160 sqft median) 49

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

4 bathrooms - 1 more than similarly priced properties nearby 72

Location

$126K median household income - well above the Canadian average of $70K 93

84% of residents hold postsecondary credentials - a highly educated neighbourhood 91

94% homeownership rate - indicating a stable, owner-occupied community 96

57% of residents commute under 30 minutes - good commuting convenience 76

2,448/km² population density - a well-balanced suburban area 94

Market

Just listed - area average is 89 days on market 100

+3.4% median price change over 1 month - rising prices in the area 67

32.5 months of housing supply - 1757 active listings with 54 sold last month (buyer's market) 40

Features

6-car garage - more than the area average of 4.8 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.63% effective tax rate ($6,463/yr) - below the Canadian average of ~1% 81

6% renter population - primarily owner-occupied area 37

Quality

Condition

Listing

48 photos provided - 26% more than the area average of 38 photos 92

5 of 7 key property details provided (71%) - good detail coverage 76

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.