L8L 4B7 Real Estate

L8L 4B7 Real Estate

Welcome to the vibrant community of Hamilton, Ontario, specifically the charming zip code L8L 4B7! Nestled in the heart of this dynamic city, this area is a hidden gem that beautifully blends urban convenience with a touch of suburban charm.

L8L 4B7 is characterized by its rich history and diverse culture, making it an ideal place for families, young professionals, and retirees alike. The neighborhood boasts a variety of housing options, from historic homes that echo the city's industrial past to modern apartments that cater to contemporary lifestyles. This eclectic mix offers something for everyone, ensuring that you can find the perfect place to call home.

One of the standout features of this area is its accessibility. Located just a stone's throw away from downtown Hamilton, residents enjoy easy access to a plethora of amenities, including shopping centers, local eateries, and vibrant entertainment options. The nearby Hamilton Farmer's Market is a must-visit for fresh produce and artisanal goods, while the scenic waterfront along Hamilton Harbour provides a picturesque backdrop for leisurely strolls or invigorating bike rides.

For families, L8L 4B7 is home to several reputable schools and parks, making it a wonderful environment for children to grow and thrive. The community spirit here is palpable, with numerous events and festivals held throughout the year, fostering a sense of belonging and camaraderie among residents.

Whether you’re looking to explore the local art scene, enjoy outdoor adventures, or simply relax in a welcoming neighborhood, L8L 4B7 in Hamilton is the perfect place to start your next chapter. Come and experience the charm of this wonderful community!

Newest Listings in L8L 4B7

$445,000
4 Beds 2 Baths X13540144 MLS® #
29 Gertrude Street is an investment property within a portfolio. A legal duplex in Hamilton's lower city, offering current income with a clear value-add path. The property is currently generating a 5.44% cap rate with $26,918 in current NOI and 67% occupancy, with 2 of 3 doors currently occupied. One of the three units is month-to-month, creating an opportunity to reset rents to market on turnover and increase income. The property is configured with a 2-bedroom main-floor unit and a 3-room upstairs unit. Separate hydro metering is already in place, with tenants paying their own hydro, helping keep the owner's operating costs low and allowing added rent to flow more directly to NOI. The basement is currently unfinished and vacant, representing the immediate value-add opportunity. A future owner may be able to finish the basement and create a third rentable door, adding a new income stream on top of the in-place NOI without changing the building's footprint, subject to buyer due diligence and any required approvals. The upstairs unit is currently month-to-month and can be brought closer to market rent on turnover, while the vacant basement provides additional rental upside through build-out. With legal-duplex designation, separate hydro metering, current NOI, rent-reset potential, and a clear basement expansion opportunity, 29 Gertrude Street is well positioned for an investor seeking both immediate income and long-term appreciation in a tenant-dense Hamilton lower-city pocket.

29 Gertrude Street, Hamilton

Listing courtesy of EXP REALTY.

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