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499 EAST 16TH Street, Hamilton
2026-09-29
Quick Summary
- Location
- 499 EAST 16TH Street, Hamilton, Ontario L9A4K9
- Price
- $725,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1788 sqft
- Bedrooms:
- 3 bed +2
- Bathrooms:
- 2
- Garages:
- 3
MLS®#40867137
Property Description
Investors and owner-occupiers, take note! This fully legal duplex offers an incredible opportunity to build equity while generating rental income â whether you're looking to expand your portfolio or live in one unit and rent out the other for an additional source of income. This property features two updated, self-contained units: a spacious 3-bedroom main-floor unit and a well-appointed 2-bedroom basement unit. Both units feature stainless steel appliances and offer comfortable, modern living spaces that are attractive to today's tenants. With separate hydro meters, tenants can be responsible for their own electricity usage. The basement unit also offers the added bonus of no rent control, providing greater flexibility for future rental income. The property is being offered vacant, giving the new owner the flexibility to set their own rents from day one. For an owner-occupier, this creates an especially attractive opportunity: live in one unit while renting the other, generating rental income that can help offset your monthly mortgage payment and make home ownership more affordable. For investors, the property's layout provides the potential for healthy monthly cash flow, while its location helps attract a large and diverse tenant pool. Situated in a mature and established neighbourhood, this property is conveniently located close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways. With quick and easy highway access, getting around the city is a breeze â making this a highly convenient location for both homeowners and tenants. Whether you're looking to house-hack your way into home ownership, reduce your monthly carrying costs, or add a strong income-producing property to your portfolio, this fully legal duplex offers flexibility, rental income potential, updated units, and an incredible location all in one package. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Airport, Park, Public Transit, Schools
Building
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
- Architectural Style: Raised bungalow
- Basement Development: Finished
- Basement Type: Full (Finished)
- Construction Style: Detached
- Cooling Type: Ductless
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 1788 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: In-Law Suite
Land
- Land Size: 0.11 ac|under 1/2 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Zoning
- Description: C
Information entered by Keller Williams Complete Realty
Listing information last updated on: 2026-10-07 16:38:40
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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.
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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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