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50 SOMERSET Avenue, Hamilton — listed at $549,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Lower level | 6'10'' x 11'10'' |
| 3pc Bathroom | Lower level | 5'2'' x 6'10'' |
| Bedroom | Lower level | 5'11'' x 17'5'' |
| Living room | Lower level | 10'10'' x 23'4'' |
| Kitchen | Lower level | 1'0'' x 7'2'' |
| Bedroom | Third level | 13'9'' x 18'7'' |
| 4pc Bathroom | Second level | 8'5'' x 10'6'' |
| Bedroom | Second level | 9'9'' x 13'11'' |
| Living room | Second level | 8'11'' x 10'11'' |
| Kitchen | Second level | 6'10'' x 6'5'' |
| Laundry room | Main level | 2'5'' x 2'6'' |
| 3pc Bathroom | Main level | 3'5'' x 11'1'' |
| Bedroom | Main level | 9'9'' x 10'0'' |
| Kitchen | Main level | 10'0'' x 14'11'' |
Is 50 SOMERSET Avenue a good fit for a growing family?+
With 4 bedrooms and 3 bathrooms (2074 sq ft), 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 2 spaces.
How is the space laid out across floors?+
This is a 2.5-storey single family. The 4 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,379.19, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
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