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Maria Tompson
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$495,000
Available - For Sale
Listing ID: X13540144
This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty.29 Gertrude Street is 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.
Price $495,000
Taxes: $2,267
Assessment Year: 2026
Occupancy by: Tenant
Address: 29 Gertrude Street , Hamilton, L8L 4B7, Hamilton
Directions/Cross Streets: Gertrude St & Gage Ave N
Rooms: 10
Bedrooms: 4
Bedrooms +: 0
Washrooms: 2
Family Room: F
Basement: Unfinished
No. of Pieces Level
Washroom 1:  3
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Duplex
Style: 2-Storey
Exterior: Brick Front
Garage Type: None
Drive Parking Spaces: 2
Pool: None
Approximatly Square Footage: 1100-1500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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29 Gertrude Street , Hamilton, L8L 4B7, Hamilton

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Maria Tompson
Sales Representative
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416-548-7854
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Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Industrial Sector
Style: 2-Storey
Lot Size: x 122.00(Feet)
Approximate Age:
Tax: $2,267
Maintenance Fee: $0
Beds: 4
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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