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BEDROOMS4
BATHROOMS2
KITCHENS12 + 1
ROOMSX13529670
MLSIDContact Us
Property Description
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.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2024-02-15 | 2024-03-05 | 19 | $949,000 | $885,000 |
Property Features
Other
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Property Details
Address
80 Maclennan Avenue
Community
City
Postal Code
L8V 1X6
Property Type
Duplex, Duplex
Lot Size
60' x 96'
Taxes
$6,229 (2026
Basement
Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Attached
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Listing contracted with Exp Realty
A RARE opportunity to own a home that can help pay for itself - right in the heart of Cork town. Newly renovated and thoughtfully designed, this unique property offers two fully self-contained living spaces under one ownership - ideal for those looking to live in one unit while generating income from the other, accommodate extended family, or invest in a flexible asset. Each unit features 3 bedrooms, 2 bathrooms, laundry rooms, and a full-sized kitchen, along with separate hydro and gas meters - offering true independence and functionality on both sides. Finished with luxury vinyl flooring, stainless steel appliances, pot lights, and quartz countertops throughout. Set directly across from an elementary school, the home benefits from a strong sense of community and everyday convenience, while being just minutes to downtown Hamilton, the GO Station, and a short walk to St. Joseph's Hospital. Enjoy nearby cafes, restaurants along Augusta Street, and easy access to Cork town Park, trails, and escarpment views - creating a balance between urban living and natural surroundings. Located in Cork town, one of the city's most walkable and evolving neighbourhoods, this is a location that continues to attract buyers seeking both lifestyle and long-term value. Whether you're a homeowner looking for added financial flexibility or an investor searching for a well-located, turn-key opportunity - this is a property that offers more than just a place to live. It offers options.
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Investor Alert! Welcome to 49 Proctor Ave! This HUGE 3200sq ft LEGAL DUPLEX has a TON of potential! Projected Gross rents of 5500/month makes this home an amazing Cashflow opportunity. Home has great bones with lots of character. The basement has ceilings over 8' high, and would be perfect for adding another unit and turning this home into a legal Triplex! (there is already a separate entrance). Units are as follows: Main Floor - 2 bedroom/1 bath unit with a large living/dining rm. Upper Unit - 5 bed / 2 bath (over two floors). Basement is partially finished and used for storage/laundry. The Location is amazing, with everything in close proximity, and just steps to Main/King bus and future LRT stop. Perfect home for investors, or those looking to live in one unit and rent out the others! **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**
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Your dream duplex awaits-a home that can help pay for itself. Ideally located in Hamilton's desirable North End, just steps from Bayfront Park, West Harbour GO, and trendy James Street North restaurants, cafés and galleries. Whether you're an investor, owner-occupier seeking rental income, a multi-generational family, or someone looking to explore future development opportunities, this property checks all the boxes. Thoughtfully renovated from top to bottom, this legal duplex is currently generating $4700/mth in gross rental income. The main floor unit was previously operated as a successful short-term rental/Air B&B. It offers two spacious bedrooms, abundant storage, updated laundry facilities, an entertainer's kitchen, a cozy living room with a fireplace, and a stunning spa-inspired bathroom. Outside, you'll find an expansive backyard complete with a large deck and newer hot tub, all meticulously maintained. The upper unit features three bedrooms and, including a primary bedroom with oversized built-in closet organizers, a generous living room with a gas fireplace and custom built-ins, an updated eat-in kitchen with access to a charming balcony, and a bright open-concept attic loft ideal for a bedroom, home office, studio or cozy sitting area. The highand-dry basement is the perfect space for a home gym, studio, recreation room or additional living space and benefits from having a separate entrance. Parking will never be an issue for your tenants and guests with ample free street parking on both sides of the street as well as the adjacent side streets. Updates: 2021- main floor custom closets, nest thermostat, new roof, new shed roof, new skylights, 2nd floor engineered hardwood, locking back gate, gas fireplace upper unit, electric fireplace lower unit living room. 2022- new sliding doors upper balcony/lower living room, fire alarm system. 2023- keyless front door lock, 2024-basement partially finished. 2026-lower unit engineered hardwood.
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