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317 QUEEN STREET S, Hamilton (Durand) — listed at $875,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Exceptional opportunity to acquire a well-maintained three-unit income property featuring three self-contained residential units in one of Hamilton's most desirable neighbourhoods. Offering approximately $60,000 in gross annual income potential based on current and market rents, with immediate upside through one vacant 2-bedroom unit, this property presents an excellent opportunity for investors to increase cash flow by leasing at market rent or for owner-occupiers to offset their mortgage with rental income from the remaining two units. The property offers a total of six bedrooms, three kitchens and three bathrooms. Three separate hydro meters allow tenants to pay their own electricity, while the landlord pays heat and water. Coin-operated laundry provides additional income, and one private driveway parking space is included. Ideally situated in the desirable Durand neighbourhood, on the doorstep of Kirkendall, just steps from Locke Street's vibrant shops, cafés and restaurants, and minutes from St. Joseph's Healthcare Hamilton, the Escarpment, parks, public transit, downtown Hamilton and convenient highway access. A rare opportunity to add a strong income-producing property with immediate upside to your portfolio in one of Hamilton's most established rental markets. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.1 x 3.95 meters |
| Primary Bedroom | Main level | 3.65 x 4.55 meters |
| Living room | Basement | 5.05 x 3.8 meters |
| Kitchen | Basement | 2.29 x 3.4 meters |
| Primary Bedroom | Basement | 5.05 x 2.97 meters |
| Bedroom | Main level | 2.74 x 4.25 meters |
| Kitchen | Main level | 2.74 x 4.25 meters |
| Living room | Second level | 5.59 x 3.35 meters |
| Dining room | Second level | 3.1 x 3.1 meters |
| Kitchen | Second level | 3.1 x 4.1 meters |
| Bedroom | Second level | 3.65 x 3.78 meters |
| Primary Bedroom | Third level | 3.85 x 5.13 meters |
| Bedroom | Third level | 3.56 x 5.99 meters |
Is there air conditioning?+
Yes — central air conditioning, wall unit cooling is in place.
Is 317 QUEEN STREET S a good fit for a growing family?+
With 6 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 1 space — No Garage.
How is the home heated? Is it efficient?+
Heating is heat pump, forced air, electric, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,960.83, heating is heat pump, forced air, electric, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Hamilton (Durand) before counting on it.
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