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50 Somerset Avenue Hamilton, Ontario L8L 2L5

4 Bedroom 3 Bathroom 2074 sqft
Other Central Air Conditioning Forced Air

$535,000

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. (id:61499)

Property Details

MLS® Number 40876368
Property Type Single Family
AmenitiesNearBy Hospital, Public Transit, Schools, Shopping
CommunicationType High Speed Internet
EquipmentType None
ParkingSpaceTotal 2
RentalEquipmentType None
Structure Porch

Building

BathroomTotal 3
BedroomsAboveGround 3
BedroomsBelowGround 1
BedroomsTotal 4
Appliances Refrigerator
ArchitecturalStyle Other
BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1910
ConstructionStyleAttachment Detached
CoolingType Central Air Conditioning
ExteriorFinish Brick
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 3
SizeInterior 2074 Sqft
Type House
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Hospital, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 60 Ft
SizeFrontage 24 Ft
SizeIrregular 0.03
SizeTotal 0.03 Ac|under 1/2 Acre
SizeTotalText 0.03 Ac|under 1/2 Acre
ZoningDescription C1

Rooms

Level Type Dimensions
Second Level 4pc Bathroom 10'6'' x 8'5''
Second Level Bedroom 13'11'' x 9'9''
Second Level Living Room 10'11'' x 8'11''
Second Level Kitchen 9'5'' x 6'10''
Third Level Bedroom 18'7'' x 13'9''
Lower Level Utility Room 11'10'' x 6'10''
Lower Level 3pc Bathroom 6'10'' x 5'2''
Lower Level Bedroom 17'5'' x 5'11''
Lower Level Living Room 23'4'' x 10'10''
Lower Level Kitchen 7'2'' x 6'0''
Main Level Laundry Room 2'6'' x 2'5''
Main Level 3pc Bathroom 11'1'' x 3'5''
Main Level Bedroom 10'0'' x 9'9''
Main Level Kitchen 14'11'' x 10'0''

Utilities

Natural Gas Available

https://www.realtor.ca/real-estate/30479643/50-somerset-avenue-hamilton

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Steve Augustine
Broker of Record


Your Home Sold Guaranteed Realty Elite
428 Winston Road
Grimsby, Ontario L3M 0H2

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