499 East 16th Street,Hamilton, ON L9A 4K9
Hamilton, ON L9A 4K9
Description
Investors and owner-occupiers, take note! This fully legal duplex offers an incredible opportunity to build equity while generating rental income - 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 - 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.
Details
| MLS # | 40867445 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 28 |
| Listing Provided By | Keller Williams Complete Realty | Nyle Brown |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,128 |
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | C |
| Acreage | 0.11 |
Interior
| Appliances | Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Separate Hydro Meters |
| Cooling | Ductless |
| Cooling Yes / No | No |
| Heating | Baseboard |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
Exterior
| Lot Features | Airport, Highway Access, Park, Public Transit, Rec./Community Centre, Regional Mall, School Bus Route |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 5559 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L9A 4K9 |
| Area | 17 Hamilton Mountain |
| Subarea | 176 Hill Park |
| Community Name | 176 Hill Park |
| Listing VS Median (in 176 Hill Park) | |
Price: $725,000 low | high Med: $699,900 sqft: 1,128 low | high Med: 1,360 $ / sqft: $643 low | high Med: $515 On site: 28 low | high Med: 19 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L9A 4K9 |
| Area | 17 Hamilton Mountain |
| Subarea | 176 Hill Park |
| Community Name | 176 Hill Park |
| Listing VS Median (in 176 Hill Park) | |
Price: $725,000 low | high Med: $699,900 sqft: 1,128 low | high Med: 1,360 $ / sqft: $643 low | high Med: $515 On site: 28 low | high Med: 19 | |
