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6
BEDROOMS 4
BATHROOMS 2
KITCHENS 10 + 3
ROOMS X13769078
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Property Description
An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future!
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Property Features
Park, Public Transit, School, Water Heater, Private
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Property Details
Address
63 Melrose Avenue
Community
City
Postal Code
L8M 2Y4
Property Type
Duplex, Duplex
Zoning
C
Lot Size
40' x 120'
Taxes
$4,765 (2026
Basement
Full, Partially Finished
Exterior
Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Detached
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Listing contracted with Re/Max Escarpment Realty Inc.
This legal duplex offers two self-contained units, providing a practical investment with steady rental income and long-term growth potential. One unit includes a loft living room with high ceilings and large windows. The property has a brand-new roof under warranty, reducing future maintenance concerns. Located in Hamilton's Gibson neighbourhood, minutes from downtown, it offers convenient access to schools, parks, shopping, transit, Barton Street, Sherman Avenue, and major roadways, with quick connections to Hamilton's downtown core for restaurants, entertainment, and business services.
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