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BEDROOMS 3
BATHROOMS 2
KITCHENS 10
ROOMS X13794568
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Property Description
LEGAL DUPLEX!!! Attn: Renovators or Investors! This 2.5-storey all-brick legal duplex offers an excellent opportunity to renovate, add value, and maximize its income potential. The property is being sold AS IS, WHERE IS, with the Seller making no representations or warranties. Featuring separate entrances, a detached garage, and parking for up to 4 vehicles, this property offers the space and layout investors are looking for. The main floor features a living room, dining room, kitchen, 1 bedroom, and 4-piece bathroom. The second-floor unit offers 3 bedrooms, a living room, kitchen, and 2 bathrooms, with additional loft space on the upper level. Ideally located just a few blocks from Tim Hortons Field and Gage Park close to schools, public transit, and the Ottawa Street shopping district, perfect for investors looking to secure strong returns in a growing rental market. Priced to sell and offering plenty of potential for the right buyer - opportunities like this don't come around often!
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Property Features
None, Private
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Property Details
Address
38 Spadina Avenue
Community
City
Postal Code
L8W 2W9
Property Type
Duplex, Duplex
Zoning
C
Lot Size
30' x 96'
Acreage
0.1 Feet
Taxes
$4,765 (2026
Basement
Full, Partially Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
Detached
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Listing contracted with Re/Max Escarpment Realty Inc.
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.
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