29 Gertrude Street

FOR SALE
$445,000
29 Gertrude Street, Hamilton
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
29 Gertrude Street
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4
BEDROOMS
2
BATHROOMS
2
KITCHENS
10
ROOMS
X13540144
MLSID
Contact Us
Property Description
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.
Nearby Intersections
Property Features
None
Property Details
Address
29 Gertrude Street
Postal Code
L8L 4B7
Property Type
Duplex, Duplex
Lot Size
23' x 122'
Taxes
$2,267 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
Listing contracted with Exp Realty
105 Cheever Street, Hamilton
5
BEDS
2
BATHS
$424,900
FOR SALE
Welcome to this fully tenanted 2.5-storey semi-detached duplex in a convenient Hamilton location, offering excellent value at an accessible price point. With two self-contained units already in place, this property presents a strong opportunity for buyers looking to enter the investment market, offset future carrying costs, or secure a multi-unit property with built-in rental income. Unit 1 is located on the main floor, features 2 bedrooms, and is currently rented for $1,525 per month, with access from Burton Street as well as a convenient side entrance from the rear driveway. Unit 2 is accessed from Burton Street and spans the upper levels, offering its own laundry, second-floor living space, and a third-floor/attic area with 1 bedroom on the main upper level and 2 additional bedrooms above, currently rented for $1,799 per month. Together, the property generates a Net Operating Income of approximately $30,969 annually, making it a compelling option for buyers seeking affordability, income support, and long-term upside. The unfinished basement provides useful storage and future potential. Ideally located near Hamilton General Hospital, parks, the library, restaurants, transit, and everyday amenities, this property offers strong value in a central Hamilton neighbourhood.
35 Sherman Avenue, Hamilton
5
BEDS
2
BATHS
$359,000
FOR SALE
Step into the charm of this solid brick 2.5-storey home, built in 1911, brimming with character and ready for your personal touch. The enclosed front porch offers a warm welcome and showcases the home's timeless appeal. Inside, you'll find a spacious layout with generous bedrooms on the second floor and a bright 4-piece bathroom. The third floor adds two additional bedrooms, perfect for guests, a home office, or creative space. The kitchen opens to a private backyard, providing the ideal setting for future gardens or outdoor entertaining. A separate side entrance leads to the unfinished basement, which includes an existing bathroom, offering excellent potential for additional living space. The surrounding neighbourhood is undergoing exciting revitalization, with **brand-new sewer infrastructure installed on the street** and a new City bus stop planned directly in front of the home, adding everyday convenience. The property is also located just minutes from the future Hamilton LRT corridor, providing easy access to one of the city's most significant transit and infrastructure investments. The Hamilton LRT will connect McMaster University to Eastgate Square via Main Street, King Street and Queenston Road, further enhancing connectivity and supporting long-term neighbourhood growth. An added convenience is the availability of a **detached garage and one additional parking space**, both of which are **currently rented for $200 per month** through a separate rental arrangement. These are **not included with the property** but may be available for the buyer to continue renting, subject to the existing arrangement. Rich in history and full of opportunity, this home is waiting for someone with vision to restore its original beauty and make it shine once again.
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