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65 KINRADE AVENUE, Hamilton (Gibson)
2026-07-12
Quick Summary
- Location
- 65 KINRADE AVENUE, Hamilton (Gibson), Ontario L8L6L5
- Price
- $650,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 1500 - 2000 sqft
- Bedrooms:
- 5
- Bathrooms:
- 2
- Garages:
- 2
MLS®#X13541290
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. (id:32467)
Property Features
Building
- Basement Development: Unfinished
- Basement Type: N/A (Unfinished)
- Cooling Type: Central air conditioning
- Exterior Finish: Vinyl siding
- Fireplace: No
- Interior Size: 1500 - 2000 sqft
- Building Type: Duplex
- Stories: 2
- Utility Water: Municipal water
Land
- Land Size: 21.8 x 94.5 FT
- Sewer: Sanitary sewer
Information entered by EXP REALTY
Listing information last updated on: 2026-07-14 22:09:27
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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
†
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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