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29 GERTRUDE STREET, Hamilton (Industrial Sector)
2026-07-09
Quick Summary
- Location
- 29 GERTRUDE STREET, Hamilton (Industrial Sector), Ontario L8L4B7
- Price
- $495,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 1100 - 1500 sqft
- Bedrooms:
- 4
- Bathrooms:
- 2
- Garages:
- 2
MLS®#X13540144
Property Description
29 Gertrude Street is an investment property within a portfolio. A legal duplex in Hamilton's lower city, offering current income with a clear value-add path. The property is currently generating a 5.44% cap rate with $26,918 in current NOI and 67% occupancy, with 2 of 3 doors currently occupied. One of the three units is month-to-month, creating an opportunity to reset rents to market on turnover and increase income. The property is configured with a 2-bedroom main-floor unit and a 3-room upstairs unit. Separate hydro metering is already in place, with tenants paying their own hydro, helping keep the owner's operating costs low and allowing added rent to flow more directly to NOI. The basement is currently unfinished and vacant, representing the immediate value-add opportunity. A future owner may be able to finish the basement and create a third rentable door, adding a new income stream on top of the in-place NOI without changing the building's footprint, subject to buyer due diligence and any required approvals. The upstairs unit is currently month-to-month and can be brought closer to market rent on turnover, while the vacant basement provides additional rental upside through build-out. With legal-duplex designation, separate hydro metering, current NOI, rent-reset potential, and a clear basement expansion opportunity, 29 Gertrude Street is well positioned for an investor seeking both immediate income and long-term appreciation in a tenant-dense Hamilton lower-city pocket. (id:32467)
Property Features
Building
- Basement Development: Unfinished
- Basement Type: N/A (Unfinished)
- Cooling Type: Central air conditioning
- Exterior Finish: Brick Facing
- Fireplace: No
- Interior Size: 1100 - 1500 sqft
- Building Type: Duplex
- Stories: 2
- Utility Water: Municipal water
Land
- Land Size: 22.6 x 122 FT
- Sewer: Sanitary sewer
Information entered by EXP REALTY
Listing information last updated on: 2026-07-14 22:09:26
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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