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$299,900
3 Beds ⋅ 2 Baths ⋅ X13719234 MLS® #
Outstanding opportunity for investors, contractors, and renovators in Hamilton's Gibson/Stipley neighbourhood. This solid double-brick century home offers great bones, original character, and a layout that lends itself well to reconfiguration and modernization. With a double car garage, laneway access, and strong future potential for a duplex conversion or a laneway apartment, this property provides multiple avenues for value-add improvement. The home is ready for someone with vision to bring it back to life, whether through a full renovation, redesign, or redevelopment. The surrounding area continues to see revitalization, making this an attractive location for long-term investment or future rental income. Conveniently situated near key amenities including the Park, shopping district, shopping Mall, transit routes, schools, and major roadways. Competitively priced to attract serious interest. A promising project with excellent upside in a growing and well-connected neighbourhood.

15 Kinrade Avenue, Hamilton

Listing courtesy of RE/MAX ESCARPMENT REALTY INC..

$650,000
5 Beds ⋅ 2 Baths ⋅ X13541290 MLS® #
65 Kinrade Ave, Hamilton is an investment property within a portfolio. A legal duplex with a bonus room-rental upside, offered at a 6.18% in-place cap rate on current rents. This fully-tenanted, four-door property generates $48,468 in gross annual rent and $40,168 NOI, with a fifth door (basement) waiting to be rented. The main and upper duplex units are configured as a 2-bedroom main-floor apartment and a three-room upstairs unit, giving a new owner both self-contained and room-rental income in one building. Central heat and A/C, two A/C units, and two gas lines keep operating costs predictable, while separate hydro and water metering protects NOI from rising utility costs. All four occupied doors are month-to-month, giving a new owner a clear, low-risk path to reset rents to market on standard notice without waiting years for turnover. Beyond the in-place income, the basement is unfinished, has its own separate entrance, and is currently vacant - a fifth door that can be built out and rented, adding a new income stream on top of the in-place NOI without any change to the building's footprint. Situated in a tenant-dense Hamilton lower-city pocket that supports steady demand and long-term appreciation.

65 Kinrade Avenue, Hamilton

Listing courtesy of EXP REALTY.