65 Kinrade Avenue,Hamilton (Gibson), ON L8L6L5
Hamilton (Gibson), ON L8L6L5
Description
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. (id:13843)
Details
| MLS # | X13541290 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 118 |
| Listing Provided By | EXP REALTY | Mina Bishay |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Unknown |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 2 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 1800 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Gibson) |
| Postal Code | L8L6L5 |
| Listing VS Median (in L8L6L5) | |
Price: $650,000 low | high Med: $499,905 sqft: 1,500 low | high Med: 1,239 $ / sqft: $433 low | high Med: $403 On site: 118 low | high Med: 44 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Gibson) |
| Postal Code | L8L6L5 |
| Listing VS Median (in L8L6L5) | |
Price: $650,000 low | high Med: $499,905 sqft: 1,500 low | high Med: 1,239 $ / sqft: $433 low | high Med: $403 On site: 118 low | high Med: 44 | |
