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521 BARTON STREET E, Hamilton (Gibson) — listed at $699,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
521 Barton Street E Hamilton is an investment property. Corner-lot duplex with a renovated 2-bedroom main-floor unit (re-renting at $1,800 + hydro) and a four-room upper unit sharing kitchen and bath. Two hydro meters. Unfinished basement with development potential. Growth opportunity: A corner-lot property with genuine value-add upside in addition to in-place income. The main-floor 2-bedroom unit is freshly renovated and stabilizing at $1,800 + hydro, while four month-to-month rooms above allow rents to be reset to market. The unfinished basement is counted as a sixth door and is currently vacant: finishing and leasing it adds a new income stream immediately, and the corner-lot position offers a further, longer-term path to add density and value. Net operating income: $44,158, Doors: 6 (5 occupied / 83%) Configuration: Renovated 2-bed main floor + 4-room upper unit + unfinished basement (6th door, vacant)Metering: Two hydro meters (id:60164)
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.
Does it have a basement, and is it finished?+
Yes — Unfinished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 0 spaces — No Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,700, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 521 BARTON STREET E a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
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