65 Kinrade Avenue, Hamilton (Gibson), Ontario

About 65 Kinrade Avenue

65 Kinrade Ave, Hamilton is an investment property within a portfolio. A legal duplex with a bonus room-rental upside, offered at a 6.18% in-place cap rate on current rents. This fully-tenanted, four-door property generates $48,468 in gross annual rent and $40,168 NOI, with a fifth door (basement) waiting to be rented. The main and upper duplex units are configured as a 2-bedroom main-floor apartment and a three-room upstairs unit, giving a new owner both self-contained and room-rental income in one building. Central heat and A/C, two A/C units, and two gas lines keep operating costs predictable, while separate hydro and water metering protects NOI from rising utility costs. All four occupied doors are month-to-month, giving a new owner a clear, low-risk path to reset rents to market on standard notice without waiting years for turnover. Beyond the in-place income, the basement is unfinished, has its own separate entrance, and is currently vacant - a fifth door that can be built out and rented, adding a new income stream on top of the in-place NOI without any change to the building's footprint. Situated in a tenant-dense Hamilton lower-city pocket that supports steady demand and long-term appreciation. (id:6289)

More Info on this Gibson Duplex MLS® listing

65 Kinrade Avenue is a duplex listing for sale in Hamilton (Gibson). The MLS® number is X13541290. It features 5 bedrooms, 2 bathrooms. It's currently listed for $650,000. For more details on MLS® X13541290, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This duplex listing in Gibson is available now!

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