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63 MELROSE AVENUE S, Hamilton (Stipley) — listed at $649,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Ground level | 3.96 x 3.48 meters |
| Bedroom | Second level | 3.72 x 0.28 meters |
| Bedroom 2 | Third level | 4.94 x 4.76 meters |
| Bedroom 3 | Third level | 3.66 x 2.53 meters |
| Kitchen | Ground level | 5.09 x 3.44 meters |
| Dining room | Ground level | 3.39 x 3.99 meters |
| Bedroom | Ground level | 2.16 x 3.4 meters |
| Bedroom 2 | Basement | 4.05 x 3.05 meters |
| Bedroom 3 | Basement | 2.74 x 5.06 meters |
| Recreational, Games room | Basement | 7.16 x 3.48 meters |
| Kitchen | Second level | 2.74 x 3.29 meters |
| Living room | Second level | 3.29 x 3.29 meters |
| Dining room | Second level | 3.99 x 3.23 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,765.14, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How many fireplaces are there, and what type?+
This home has 1 fireplace. Confirm the fuel type (wood, gas, or electric) and have it inspected — especially wood-burning, which needs a WETT certification for insurance.
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's the parking situation?+
This property includes 3 spaces — Detached Garage, Garage.
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 6 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
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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