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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.

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.

Priced to sell! Great opportunity to get into the Hamilton market on Gertrude St. This detached 3-bedroom, 1-bath home offers a functional layout, a rare detached garage, and a full unfinished basement with great ceiling height for future development. Excellent location minutes from the QEW/Burlington St corridor and the Centre on Barton. Property is sold tenant-occupied with ongoing LTB disclosures. Perfect setup for a buyer looking to build quick equity. Furnance installed in 2024, Roof done in 2013

3 Beds ⋅ 1 Baths ⋅ X13476484 MLS® #

Priced to sell! Great opportunity to get into the Hamilton market on Gertrude St. This detached 3-bedroom, 1-bath home offers a functional layout, a rare detached garage, and a full unfinished basement with great ceiling height for future development. Excellent location minutes from the QEW/Burlington St corridor and the Centre on Barton. Property is sold tenant-occupied with ongoing LTB disclosures. Perfect setup for a buyer looking to build quick equity. Furnance installed in 2024, Roof done in 2013

77 Gertrude Street, Hamilton

Listing courtesy of CENTURY 21 GREEN REALTY INC..