The price of a property is often the prime factor that determines if a viewing will even take place. At times, a home may have all your “must-haves and nice-to-haves.” However, the price of the home may be too steep for your pocket.
So, before house hunting, make sure you are acquainted with the most expensive and wallet-friendly streets in the city. This way, you will know which areas you must steer clear of that will probably have pricey houses for sale in Hamilton.
In this blog, we will reveal the top-tier streets in Hamilton with expensive houses and a high cost of living. If you are house hunting on a budget, you need to avoid these addresses.
Priciest Streets in Hamilton That Will Make Your Wallet Wince
Roy Hilton Drive
Roy Hilton Drive street, nestled in the prestigious Flagstaff neighbourhood of Hamilton is consistently ranked as one of the priciest streets in the city. The homes for sale in Hamilton over here are quite pricey, with an average cost of over $1 billion.
What sets Roy Hilton Drive apart from the rest streets is the expansive lot sizes of the homes. The average lot size on this street is about 0.5 acres, much larger than the city average of 0.2 acres. Almost all the homeowners on this street have swimming pools, decks, patios, lush landscaping, and other features in their properties.
Not just the lot size, the homes for sale in Hamilton on this street are also quite voguish and large. There are multiple bedrooms and bathrooms, gourmet kitchens, and home theatres on each property.
The high price tag of this street in Hamilton is also due to its historical significance. The street is named after Roy Hilton who was a known businessman of Hamilton. During the 1950s, Hilton recognised the potential of the area with its stunning views and rolling hills and stepped ahead to create a high-end residential community.
He supervised the development of houses on the street, making sure they had large lot sizes and top-notch designs. Many of the original homes built during the 1950s still stand today on this street. This historical significance makes this area even more charming and further adds to the price of properties.
Lake Crescent
Located in the heart of Hamilton Lake, Lake Crescent is like a VIP area in the city. The street is known for having some of the priciest houses for sale in Hamilton.
What makes Lake Crescent a hotspot among high-end homebuyers is that it is situated right on the edge of Hamilton Lake. The residents of this street get to relish breathtaking views of the lake anytime they want. Apart from the views, residents can enjoy outdoor activities in and near the lake such as boating, fishing, picnicking, and swimming all year round.
Lake Crescent offers a sense of exclusivity and security, something which high-budget buyers often look for. There are big, old trees all over the street giving homes the privacy it needs. Plus, homes for sale on this street in Hamilton come with the latest security systems and gated entrances, further beefing up the safety of the area.
Homes on Lake Crescent are not just beautiful and luxurious but also have a high investment potential. The demand for luxury properties in Lake Crescent always remains high. However, there are not as many homes available as compared to the demand. This demand-supply indifference has driven up the value of Lake Crescent homes significantly in recent years.
Awatere Avenue
Awatere Avenue has a long history that goes way back to the late 1800s. This street in Hamilton is lined with a mix of charming Victorian-era homes and modern luxurious properties.
Many homes on this real estate Hamilton market are tagged as heritage properties. These homes keep the historical significance of the street intact and make Awatere Avenue stand out among homebuyers. Aspiring homeowners love the old charm of this area and it is one of the big reasons why Awatere Avenue houses are worth a pretty penny.
The location of this street in Hamilton is convenient too. Right in the heart of Beerescourt, Awatere Avenue puts its residents close to everything - parks, schools, and shopping centres.
Another bonus point of this street is that it is within walking distance of the Waikato River. You just need to take a few steps to enjoy stunning views of the Waikato River. So, the historical charm, picturesque setting and proximity to nature are the key reasons behind the high price tag of houses for sale in Hamilton.
Ravenscliffe Avenue
Just like Awatere Avenue, Ravenscliffe Avenue has a past that stretches back to the mid-19th century. Back in the 1800s, prominent families and industrialists in Hamilton put up grand mansions on this street. These luxurious historic properties still stand tall on Ravenscliffe Avenue, showing off the architectural style of the old years.
Most of these historic homes have been preserved and listed as heritage properties in the real estate Hamilton market. This elevates the historic charm of the city and amps up the price of already high-value properties.
From Victorian and Georgian Revival to Tudor and Neoclassical homes, Ravenscliffe Avenue properties display all kinds of architectural styles. This place is truly a dream come true for homebuyers who have a soft spot for history and architecture.
Another appealing point about Ravenscliffe Avenue is that is located on the crest of the Niagara Escarpment. Residents of this area can enjoy breathtaking panoramic views of the city and Hamilton Harbour.
Also Read:
- From the 6ix to the Hammer: The Top 5 Reasons Hamilton's Stealing the Spotlight Among Newcomers
- 5 Simple Steps to Find the Best Real Estate Agent for Buying Your First Home
Summing Up!
Aspiring homeowners from far and wide flock to Hamilton because of the wallet-friendly tag of the city. But little do they know that not all streets and neighbourhoods in Hammer are for the budget-savvy homeowners. There are streets in the real estate Hamilton market where homes come with a high price tag and living ain’t cheap.
So, if you are house hunting on a tight budget, steer clear of the fancy neighbourhoods mentioned above. Team up with a local Realtor, find the ideal home in a budget-friendly street, and live a fulfilling and comfortable life without stretching your finances too thin.