65 Kinrade Avenue, Hamilton - $650,000 | Modern Solution Realty

65 Kinrade Avenue, Hamilton

65 Kinrade Avenue, Hamilton

65 Kinrade Avenue in Hamilton - 5 bedroom, 2 bathroom. Listed at $650,000.

65 Kinrade Ave, Hamilton is an investment property within a portfolio. A legal duplex with a bonus room-rental upside, offered at a 6.18% in-place cap rate on current rents. This fully-tenanted, four-door property generates $48,468 in gross annual rent and $40,168 NOI, with a fifth door (basement) waiting to be rented. The main and upper duplex units are configured as a 2-bedroom main-floor apartment and a three-room upstairs unit, giving a new owner both self-contained and room-rental income in one building. Central heat and A/C, two A/C units, and two gas lines keep operating costs predictable, while separate hydro and water metering protects NOI from rising utility costs. All four occupied doors are month-to-month, giving a new owner a clear, low-risk path to reset rents to market on standard notice without waiting years for turnover. Beyond the in-place income, the basement is unfinished, has its own separate entrance, and is currently vacant - a fifth door that can be built out and rented, adding a new income stream on top of the in-place NOI without any change to the building's footprint. Situated in a tenant-dense Hamilton lower-city pocket that supports steady demand and long-term appreciation.

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 1750 sqft
  • Basement: Unfinished
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 2 spaces
  • Property Taxes: $1,800/yr
  • Neighbourhood: Gibson
  • Postal Code: L8L 6L5

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