110 Gray Road

FOR SALE
$1,190,000
110 Gray Road, Hamilton
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5 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
8 + 2
ROOMS
X13470126
MLSID
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Property Description
This exceptional duplex property offers a unique combination of immediate rental income and outstanding future development potential. Situated on an expansive oversized lot measuring approximately 87 ft x 150 ft, this property is truly a "diamond in the rough" for investors, builders, and families alike. Currently tenanted, the property generates strong cash flow, with opportunities to further enhance its income potential through strategic improvements. This multi family home with tremendous potential, requiring some TLC and creative remodeling ideas to unlock its full value. Prime Location: Ideally located in the heart of Stoney creek, a major intersection and surrounded by thriving commercial plazas, places of worship, schools, and essential community amenities. Development Potential: Positioned in a high-traffic, high-visibility area, this property presents numerous possibilities for future redevelopment or expansion, subject to applicable approvals. A must-see property with endless potential, waiting for your vision and creativity. Don't miss this rare opportunity to secure a valuable asset in one of Stoney Creek's most desirable and growing locations.
Sold History
List Date Sold Date Days Listed List Price Sold Price
2020-10-29 2020-11-02 4 $689,900 $860,000
Property Features
Separate Hydro Meter, Private
Property Details
Address
110 Gray Road
Community
Postal Code
L8G 3V1
Property Type
Duplex, Duplex
Lot Size
87' x 150'
Taxes
$6,326 (2025
Basement
Full, Partially Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Detached
Listing contracted with Royal Lepage Certified Realty
773 Lawrence Road, Hamilton
5+1
BEDS
3
BATHS
$999,999
FOR SALE
Welcome to this exceptional fully renovated triplex located in the prestigious Rosedale section of Hamilton East, a truly spectacular neighbourhood known for its desirability. This three unit investment property represents an outstanding opportunity for savvy investors and owner-occupants alike, combining immediate cash flow with growth potential.The triplex comprises three distinct residential units. The first unit is a spacious three bedroom residence, perfect for families. The second unit features two generous bedrooms, ideal for couples or small families. The third unit is a cozy one bedroom apartment, excellent for young professionals or investors seeking reliable rental income.Two of the three units are currently fully rented with spectacular cap rates that demonstrate strong rental demand in this neighbourhood. The third unit is actively being rented out, ensuring full occupancy and maximum income potential soon. This situation provides flexibility for new ownership to implement their own property management strategies.The property features a beautiful backyard space and ample parking for residents and guests. The no maintenance exterior eliminates costly upkeep concerns. Located in one of Hamilton East's most desirable areas, this triplex sits in a vibrant neighbourhood with excellent walkability, access to local amenities, schools, transit, and shopping.The fully renovated condition means you are acquiring a modern, code compliant property ready to perform from day one. Whether you are an experienced investor seeking cash flowing assets or an owner-occupant living in one unit while collecting rent from two others, this Rosedale triplex offers exceptional value and income potential rarely available on the market.
80 Maclennan Avenue, Hamilton
6
BEDS
4
BATHS
$999,000
FOR SALE
Welcome to this legal 2-unit family home, located in the highly desirable Hamilton Mountain! A rare gem in the Central Mountain community- this home sits on a generous 60 x 96ft lot and offers 2 side by side units, making it ideal for multi-generational living or a savvy investment opportunity. Each unit boasts 3 bedrooms, 2 baths and ample living space. The property boasts 2 private fenced-in yards and parking for up to 5 vehicles. Whether you're looking to accommodate a large family or offset your mortgage with rental income, this unique property checks all the boxes! Unit 80A Tenant pays 3000/month. Unit 80 pays 3200/month. NOI is 64,478 and Debt Service Coverage Ratio is estimated at 1.64. Cash Flow Positive by aprox. 20k/annum.
115 Balsam Avenue, Hamilton
4+1
BEDS
3
BATHS
$899,999
FOR SALE
Beautifully maintained solid brick 2.5-storey home in Hamilton's prestigious St. Clair neighbourhood, blending timeless character with thoughtful modern upgrades. Currently configured as 3 non-conforming units including a bachelor suite, 1-bedroom unit, and spacious 3-bedroom unit with bonus loft - offering exceptional flexibility for investors, multi-generational families, or buyers looking to offset carrying costs with rental income.This bright and inviting property features gorgeous original trim, hardwood floors, quartz countertops, stainless steel appliances, private front driveway parking, and in-suite laundry in each unit. Significant updates include attic insulation (2020), electrical upgrades (2015/2020), separate panel for the second-floor unit with dedicated lines for future hydro separation, boiler (2021), roof (2014), on-demand hot water system (2024), and mini-split A/C units servicing the main, second, and loft levels.Located steps to Gage Park, St. Peter's Hospital, transit, schools, and amenities, this versatile property offers strong value in one of Hamilton's most desirable neighbourhoods. Let this home pay for itself with the rental income of $5000+/month.
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