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$535,000
Hamilton
50 SOMERSET Avenue, Hamilton, Ontario, L8L2L5
This 4-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 2,074 sq ft of space. Listed at $535,000, it is attractively priced about 29% below the $749,900 median asking price in Hamilton. It has been on the market 0 days, fresher than the Hamilton average of 65 days.
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:66096)
Features and services as supplied by the listing brokerage.
Just listed: 0 days on market, against an average age of 65 days across the listings currently for sale in this city
This 4-bed single family in Hamilton has been listed for 0 days, which is 65 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $535,000, about 8.2× the local median household income of $65,000.
Carrying it typically needs a household income of about $104,504 (20% down, 25-yr amortization, stress-tested) — roughly 61% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8L)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.