65 Kinrade AVE, Hamilton, ON L8L 6L5
65 Kinrade AVE, Hamilton, ON L8L 6L5
65 Kinrade AVE, Hamilton, ON L8L 6L5
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Christine Domina

Christine Domina

+1(416) 873-4747
$650,000
Est. payment /mo
5 Beds
2 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Gibson

MLS Listing ID X13541290

Style 2-Storey

Bedrooms 5

Annual Tax Amount $1,800

Tax Year 2025

Property Sub-Type Duplex

Property Description

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.

Location

Province ON

County Hamilton

Area Hamilton

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features None

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Lot Frontage 21.75

Lot Depth 94.5

Total Parking Spaces 2

Building

Foundation Unknown

Others

ParcelsYN Yes

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Listed by EXP REALTY

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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