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24 SOMERSET Avenue, Hamilton — listed at $449,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to 24 Somerset Avenue in Hamilton, a well-maintained duplex offering two self-contained units, making it an excellent opportunity for investors, first-time buyers, or multi-generational families.The main-floor unit features new carpeting, a bright kitchen equipped with a new refrigerator and stove, two spacious bedrooms, and an updated 4-piece bathroom. This unit also enjoys access to the backyard and basement, providing additional storage and outdoor living space.The upper-level unit offers new carpeting throughout, a functional kitchen with a new refrigerator and stove, one bedroom, an updated 4-piece bathroom, and a versatile living room that can easily be used as a second bedroom, home office, or additional living space. Numerous updates have been completed over the years, including the roof (2015), 100-amp electrical panel (2015), furnace (2020), central air conditioning (2020), owned hot water tank (2022), second-floor front windows (2025), and remaining windows (2010). All major mechanical components are owned, with no rental contracts to assume. The property also features parking for two vehicles and is conveniently located close to Hamilton Stadium, parks, schools, shopping, restaurants, and public transit, with easy access to major routes. Whether you're looking to live in one unit while generating rental income from the other, accommodate extended family, or add a turnkey investment property to your portfolio, this versatile duplex presents a fantastic opportunity in a desirable Hamilton location. (id:60164)
This home was built in 1910 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 3 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Does it have a basement, and is it finished?+
Yes — Partially finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,904.45, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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