219 Avondale Street
Crown Point, Hamilton, L8L 7C4
FOR SALE
$469,900
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3
BEDROOMS 2
BATHROOMS 2
KITCHENS 12 + 1
ROOMS X13616788
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Property Description
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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Nearby Intersections
Property Features
Hospital, Library, Place Of Worship, Park, Rec./Commun.Centre, Public Transit, In-Law Suite, Separate Hydro Meter, Water Meter, Lane
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Property Details
Address
219 Avondale Street
Community
City
Postal Code
L8L 7C4
Property Type
Duplex, Duplex
Zoning
C5
Lot Size
26' x 115'
Taxes
$3,054 (2025
Basement
Full, Unfinished
Heat Type
Forced Air
Heat Source
Electric
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Keller Williams Complete Realty
29 Gertrude Street is an investment property within a portfolio. A legal duplex in Hamilton's lower city, offering current income with a clear value-add path. The property is currently generating a 5.44% cap rate with $26,918 in current NOI and 67% occupancy, with 2 of 3 doors currently occupied. One of the three units is month-to-month, creating an opportunity to reset rents to market on turnover and increase income. The property is configured with a 2-bedroom main-floor unit and a 3-room upstairs unit. Separate hydro metering is already in place, with tenants paying their own hydro, helping keep the owner's operating costs low and allowing added rent to flow more directly to NOI. The basement is currently unfinished and vacant, representing the immediate value-add opportunity. A future owner may be able to finish the basement and create a third rentable door, adding a new income stream on top of the in-place NOI without changing the building's footprint, subject to buyer due diligence and any required approvals. The upstairs unit is currently month-to-month and can be brought closer to market rent on turnover, while the vacant basement provides additional rental upside through build-out. With legal-duplex designation, separate hydro metering, current NOI, rent-reset potential, and a clear basement expansion opportunity, 29 Gertrude Street is well positioned for an investor seeking both immediate income and long-term appreciation in a tenant-dense Hamilton lower-city pocket.
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