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Pemberton Holmes Ltd.

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50 SOMERSET Avenue
homes for sale · Hamilton · Gibson/Stipley
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$549,900

50 SOMERSET Avenue

Gibson/Stipley, Hamilton · MLS® 40867400

432

2,074 sq ft · 0 sq ft lot · House · Single Family · built 1910 · 22 days on market

listed by Steve Augustine, Your Home Sold Guaranteed Realty Elite

realtor's description

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.

property details

type
House, Single Family
bedrooms
4
bathrooms
3
living area
2,074 sq ft
lot
0 sq ft
parking
2
year built
1910
property tax
$3,379 / yr
days on market
22
MLS®
40867400

features

  • Refrigerator

monthly cost

$2,677/mo
Mortgage $2,396 · Tax $282

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$2,396/ monthly
loan $439,920
25-year amortization
total interest
$278,838
cash to close
$109,980
down payment; transfer tax and fees not included
total paid
$718,758

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Gibson/Stipley, HamiltonGoogle Maps ↗

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listed by
Steve Augustine
Your Home Sold Guaranteed Realty Elite
call Steve · 289-339-1387
Powered by: REALTOR.ca

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location

Gibson/Stipley, HamiltonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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