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Property Description
Welcome to 203 John Street North, a stabilized, 3-unit, turn-key investment property offering a staggering *7.85% Cap Rate* right in the heart of Hamilton. With an NOI of $39,178.19, this property is structured as a legal duplex plus a non-conforming basement unit, providing three distinct, income-producing living spaces. Completely taken down to the studs during a previous full-gut renovation, this asset offers total peace of mind. Major capital expenditures have already been addressed, including modernized electrical, updated plumbing, a newer roof (~10 years), and an upgraded furnace (under 15 years).Currently generating a robust $52,374 in Gross Annual Income ($4,364.50/month) with at-market rents, the building is perfectly optimized for operational efficiency. The suite mix includes a bright 1-bedroom main-floor unit, a spacious 2-bedroom upper unit complete with a versatile loft, and a functional 1-bedroom lower level. Main and upper tenants pay their own hydro bills.Complete with convenient rear laneway access and a dedicated parking pad, this property is a rare find. Whether you are scaling your portfolio with a high-performing, low-maintenance asset or seeking the ultimate house-hack to offset your mortgage, 203 John St N delivers unmatched financial performance and beautiful curb appeal.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2022-12-02 | 2023-03-23 | 111 | $699,900 | $610,000 |
Nearby Intersections
Property Features
Separate Hydro Meter, Water Heater, Water Meter, Lane
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Property Details
Address
203 John Street
Community
City
Postal Code
L8L 4P4
Property Type
Duplex, Duplex
Days On Market
13
Lot Size
16' x 81'
Taxes
$3,526 (2025
Basement
Apartment, Finished, Separate Entrance
Exterior
Patio, Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Prime Real Estate Brokerage
Attention investors, contractors, and renovators. Opportunity to acquire a property at 563Cannon St E in the Gibson area of Hamilton currently configured as a duplex with two self contained units. Each unit offers 2 bedrooms, separate kitchens, individual hydro meters, separate breaker panels, and two furnaces servicing the property. Unit 1: Main Floor and 2nd Floor. 2 Bedrooms 1 Bathroom 1 KitchenUnit 2: Main Floor and Lower. 1 Bedroom Above Grade, 1 bedroom Below, a large Den, 2 Kitchens(1 Above Grade, 1 Below Grade)The upper unit is in relatively clean condition with a bright and functional layout. The lowerunit spans part of the main floor and basement and requires cleaningPrevious rents were $1,470/month (upper) and $870/month (lower), offering strong upsidepotential for those looking to renovate and reposition the asset.Property is tenanted and access may be limited due to tenancy and site conditions.Property is being sold strictly in "as is, where is" condition. Seller makes norepresentations or warranties with respect to the property, its condition, retrofit status, orlegality of use. Buyers to conduct their own due diligence.
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Welcome to 24 Somerset Avenue, Hamilton! Well-maintained Duplex Offering Two Self-Contained Units-Ideal for Investors or Multi-Generational Living. Unit #1 (Main Level): Features New Carpeting, Kitchen with New Fridge and New Stove, 2 Bedrooms, Updated 4-Piece Bathroom, Plus Backyard and Basement Access. Unit #2 (Upper Level): Offers New Carpeting Throughout, Kitchen with New Fridge and New Stove, 1 Bedroom, Updated 4-Piece Bathroom, and a Living Room that Can be Used as a Second Bedroom. Updates include: Roof (2015), 100 Amp Electrical Panel (2015), Furnace (2020), A/C (2020), Owned Hot Water Tank (2022), Second Floor Front Windows (2025), and Other Windows (2010). All Major Components Owned-No Rentals. Property includes 2 parking Spaces and is Conveniently Located near Hamilton Stadium, Parks, Schools, Shopping, and Public Transit. Excellent Opportunity to Live in One Unit and Rent the Other, or Add a Turnkey Investment Property to Your Portfolio.
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219 Avondale Street is a detached, two unit house with many big tickets updates done over the last couple of years. The covered front porch leads to a functional shared foyer for both the main floor and upstairs apartments. On the main floor is a bright open concept bachelor that could so easily be turned back into a "one bedroom" flat. Some features of the main floor are: an oversized kitchen island, a mud room beside the back door, and lots of natural light. Upstairs there is a completely separate two bedroom unit with a large kitchen and impressive amount of storage. The living room of the upstairs apartment gets beautiful light and has a dedicated space for an office or small dining table. The basement is unfinished but has been waterproofed by previous owner, is an impressive 6ft+, and has a walk-up to the backyard. There is a parking spot available from accessing the alley. This is a perfect live-in and rent out scenario for a buyer looking to get into the market or as a hands-off investment with opportunity to grow. Make an appointment to see this house for yourself- at this price it will not last long!
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