50 Somerset Avenue,Hamilton, ON L8L 2L5
Hamilton, ON L8L 2L5
Description
FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL.Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start.
Details
| MLS # | 40867400 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 32 |
| Listing Provided By | Your Home Sold Guaranteed Realty Elite | Steve Augustine |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,366 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | C |
| Acreage | 0.03 |
Interior
| Appliances | Water Heater Owned, Refrigerator |
|---|---|
| Rooms Total | 14 |
| Interior Features | High Speed Internet |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Electric Dryer Hookup, Multiple Locations |
Exterior
| Lot Features | Urban, Rectangular, City Lot, Public Transit, Schools, Shopping Nearby |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Foundation Details | Concrete Perimeter |
| Patio And Porch Features | Deck, Porch |
| Security Features | Carbon Monoxide Detector(s) |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Utilities | Fibre Optics, Natural Gas Available, Recycling Pickup, Street Lights |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 3379.19 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8L 2L5 |
| Area | 20 Hamilton Centre |
| Subarea | 200 Gibson | Stipley |
| Community Name | 200 Gibson/Stipley |
| School District | Bernie Custis Secondary School, |
| Elementary School | Prince Of Wales Elementary Schoo |
| High School | Bernie Custis Secondary School, |
| Listing VS Median (in 200 Gibson/Stipley) | |
Price: $549,900 low | high Med: $449,450 sqft: 1,366 low | high Med: 1,002 $ / sqft: $403 low | high Med: $460 On site: 32 low | high Med: 13 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8L 2L5 |
| Area | 20 Hamilton Centre |
| Subarea | 200 Gibson | Stipley |
| Community Name | 200 Gibson/Stipley |
| School District | Bernie Custis Secondary School, |
| Elementary School | Prince Of Wales Elementary Schoo |
| High School | Bernie Custis Secondary School, |
| Listing VS Median (in 200 Gibson/Stipley) | |
Price: $549,900 low | high Med: $449,450 sqft: 1,366 low | high Med: 1,002 $ / sqft: $403 low | high Med: $460 On site: 32 low | high Med: 13 | |
