$650,000
65 Kinrade Avenue, Hamilton, ON L8L 6L5
5 beds2 baths2 parking 1500-2000 ft²
Key facts
- MLS®
- X13541290
- Status
- New
- Type
- Duplex
- Taxes
- $1,800
- Size
- 1500-2000 ft²
- Parking
- 2 total
- Listed
- 2026-07-09
- Brokerage
- EXP REALTY
- Cross street
- Barton St E & Kinrade Ave.
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.