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3 + 1
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 12
ROOMS X13853452
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Property Description
FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-01-29 | 2021-02-08 | 10 | $499,000 | $560,000 |
| 2017-02-13 | 2017-03-06 | 21 | $349,900 | $410,000 |
Nearby Intersections
Property Features
Hospital, Public Transit, School, Water Heater Owned, Private Double, Carbon Monoxide Detectors
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Property Details
Address
50 Somerset Avenue
Community
City
Postal Code
L8L 2L5
Property Type
Detached, Detached
Zoning
C
Lot Size
24' x 60'
Taxes
$3,379 (2026
Basement
Finished, Full, Separate Entrance
Exterior
Porch, Deck
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Your Home Sold Guaranteed Realty Elite
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