99 SANFORD AVENUE N, Hamilton (Gibson)

2026-07-05
 

Quick Summary

Location
99 SANFORD AVENUE N, Hamilton (Gibson), Ontario L8L5Z1
Price
$597,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
1500 - 2000 sqft
Bedrooms:
5
Bathrooms:
2
Garages:
2

MLS®#X13522706

Property Description

99 Sanford Avenue N, Hamilton is an Investment Property, duplex-plus-rooms property in Hamilton's west-end Landsdale neighborhood, offered at a 5.49% in-place cap rate with a clear, built-in path to higher income. The property generates $49,080 in gross annual rent and $37,638 NOI at an asking price of $685,000.Configured as a one-bedroom main-floor apartment and a four-room upper unit, the building runs on two hydro meters with front parking - a rentable amenity in this lower-city location. Four of the five occupied doors are month-to-month, giving an incoming owner immediate room to reset rents to market as tenancies turn, with no additional acquisition required. The stand-out upside is the basement: counted as a sixth door with its own separate side entrance, it is currently vacant and ready to be finished and leased as a private, self-contained unit - adding a brand-new income stream that isn't yet reflected in the in-place numbers. Between the month-to-month resets and the basement lease-up, a new owner has two distinct, low-risk levers to grow NOI from day one. Situated in an appreciating pocket close to transit, schools, and everyday amenities, 99 Sanford offers strong room-rental income today plus genuine value-add on top. Ideal for an investor building a Hamilton rental base or adding a room-rich, high-upside asset to an existing portfolio. - Duplex + rooms, Price: $685,000 - Gross annual rent: $49,080, Net operating income: $37,638, Cap rate: 5.49% (in-place) - Doors: 6 (5 occupied / 83%; basement vacant) Configuration: 1-bed main floor + 4-room upper unit + vacant side-entrance basement (6th door) -Metering / parking: Two hydro meters, front parking (id:32467)

Property Features

Building

  • Basement Features: Separate entrance
  • Basement Type: N/A
  • Cooling Type: Central air conditioning
  • Exterior Finish: Brick
  • Fireplace: No
  • Interior Size: 1500 - 2000 sqft
  • Building Type: Duplex
  • Stories: 2.5
  • Utility Water: Municipal water

Land

  • Land Size: 26 x 100 FT
  • Sewer: Sanitary sewer

Information entered by EXP REALTY
Listing information last updated on: 2026-08-12 18:35:59


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