$749,900
Hamilton
40 Clarendon Avenue, Hamilton (Balfour), Ontario, L9A3A1
This multi-family property in Hamilton is for sale offering roughly 974 sq ft of space.
Legal duplex on the Hamilton Mountain, converted under permit with all permits closed. 40 Clarendon Avenue is a detached, solid-brick bungalow in Balfour, just off Upper James and Fennell, configured as two self-contained units with separate entrances, separate kitchens, in-suite laundry and separate hydro meters. The main-floor unit has three bedrooms, a four-piece bathroom, a generous size living room and an updated modern kitchen with quartz countertops. It is vacant, which gives a buyer two clean options: move in, or choose a tenant and set rent at today's market rate. The lower unit has two large bedrooms plus an additional flex space, a brand-new kitchen, a brand-new three-piece bathroom and its own entrance. It is currently rented at $2,050 per month. The work behind the walls matters as much as the finishes. Electrical has been updated, each unit is metered separately for hydro, and the conversion documentation is available to serious buyers. Gas heating and central air serve the home. The lot carries a double-wide asphalt driveway with parking for four vehicles, a practical detail for a two-unit property. Public transit, parks, schools and hospital services are close by, and Upper James puts groceries, restaurants and the LINC within a short drive. For an investor, this is a turnkey two-unit property with one rent in place and one unit ready to lease. For an owner-occupier, the lower unit's rent offsets the monthly carrying cost. Freehold, with flexible possession. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 43 days on market, against an average age of 43 days across the listings currently for sale in this city
This multi-family in Hamilton (Balfour) has been listed for 43 days, right at the city average. A solid opportunity worth looking into.
Approximate location — exact address confirmed upon showing
This home lists at $749,900, about 9.3× the local median household income of $81,000.
Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 81% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9A)
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Loading rates, 30-yr amortization
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