50 SOMERSET Avenue, Hamilton, Ontario, L8L 2L5

MLS® # 40867400

House For Sale In Stipeley, Hamilton, Ontario

$549,900 QuickQuote^TM: $487K - $593K

3+1 Beds

3 Baths

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VIRTUALLY ENHANCED - 50 Somerset Avenue, Hamilton, ON

VIRTUALLY STAGED - 50 Somerset Avenue, Hamilton, ON

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50 SOMERSET Avenue, Hamilton, Ontario, L8L 2L5

$549,900

4 Beds

3 Baths

Property Information:

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:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Other
Basement Development: Finished
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Brick
Floor Space: 2074 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Amenities Nearby: Public Transit, Schools, Shopping
Built in: 1910
Communication Type: High Speed Internet
Floor Space (approx): 2074 Square Feet
Irregular: Yes
Lot Depth: 60 Feet
Lot Frontage: 24 Feet
Lot Size: 0.03 Acres
Structure Type: Porch
Utility Type: Natural Gas - Available
Zoning: C
Sewer: Municipal sewage system
No. of Parking Spaces: 2

Rooms:

Bathroom 2nd Level 10'6'' x 8'5''
Bedroom 2nd Level 13'11'' x 9'9''
Living 2nd Level 10'11'' x 8'11''
Kitchen 2nd Level 6'5'' x 6'10''
Bedroom 3rd Level 18'7'' x 13'9''
Utility Lower Level 11'10'' x 6'10''
Bathroom Lower Level 6'10'' x 5'2''
Bedroom Lower Level 17'5'' x 5'11''
Living Lower Level 23'4'' x 10'10''
Kitchen Lower Level 7'2'' x 1'0''
Laundry Main Level 2'6'' x 2'5''
Bathroom Main Level 11'1'' x 3'5''
Bedroom Main Level 10'0'' x 9'9''
Kitchen Main Level 14'11'' x 10'0''

Courtesy of: Your Home Sold Guaranteed Realty Elite

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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