Bungalow Finder logo - Mississauga, Toronto, GTA Real Estate

There are currently 3 for rent bungalow listings in Balfour, Hamilton, Ontario with an average price of $2,132 CAD.

Listings:
3
Avg. Price:
$2,132
Map View
25 Terrace Drive Upper, Hamilton, ON L9A 2Y5 - Property 1
FOR LEASE
$2,200/mo
25 Terrace Drive Upper, Hamilton
2 bed • 1 bath • 2 parking
170 Terrace Drive Upper, Hamilton, ON L9A 2Z1 - Property 1
FOR LEASE
$2,400/mo
170 Terrace Drive Upper, Hamilton
3 bed • 1 bath • 3 parking
161 Hoover Crescent Lower, Hamilton, ON L9A 3H2 - Property 1
FOR LEASE
$1,795/mo
161 Hoover Crescent Lower, Hamilton
2 bed • 1 bath • 1 parking

Balfour, Hamilton Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(133.3% SNR)
Median Sold (6M)
$667,500
+7.5% YoY
Avg. Days on Market
33 Days
6-month closed average
Sold (6M) / Active
12 / 9
Closed vs active inventory
6M / 2Y Price Change
+6.3% (6M)
2Y trend: -10.5%
Nov 26: Median $747,000 • 1 sold • 29 DOMHover or tap points to inspect monthly data
$370k$485k$600k$715k$830kDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Balfour, Hamilton Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$667,5001233 days9
1 Year$675,0002539 days9
3 Years$699,9005131 days9
5 Years$699,9005131 days9

Bungalow Rental Market Dynamics in Balfour, Hamilton

The bungalow rental market in Balfour, Hamilton currently features 3 verified single-storey lease listings on the MLS®. Offering tenants private fenced yards, multi-car driveways, and expansive single-level living without condo maintenance fees, detached bungalows in Balfour, Hamilton provide exceptional comfort and privacy.

Prospective tenants in Balfour, Hamilton can choose from traditional detached brick bungalows, raised bungalows with bright above-grade lower levels, and modern bungalofts featuring main-floor primary suites.

Average Prices by Bedroom in Balfour, Hamilton

BedroomsAvg. PriceActive Listings
2 Beds$1,9982
3 Beds$2,4001

Balfour, Hamilton Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Understanding current rental rates in Balfour, Hamilton is essential for competitive lease applications. Active MLS® inventory shows entry-level bungalow rentals starting at $2K, while renovated full-home properties and executive bungalows lease for up to $2K. The average bungalow rental in Balfour, Hamilton currently commands approximately $2K per month.

Because land value represents the overwhelming majority of a bungalow's total equity in Balfour, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in Balfour, Hamilton

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Balfour, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Balfour, Hamilton can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).

This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Balfour, Hamilton exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Accessibility, Aging-in-Place & Downsizer Demand in Balfour, Hamilton

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Balfour, Hamilton deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Balfour, Hamilton represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Balfour, Hamilton.

The average monthly lease price for a bungalow in Balfour is currently $2K, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.