$650,000
65 Kinrade Avenue, Hamilton, ON L8L 6L5
Gibson · Hamilton · L8L 6L5
Listing brokerage: EXP REALTY
- Beds
- 5
- Baths
- 2
- Sq ft
- 1500–2000
- Parking
- 2
Monthly costs
Property taxes
$150/mo
$1,800 a year (2025)
The home
- Lot size
- 21.8 × 94.5 ft
- Style
- 2-Storey
- Basement
- Unfinished
- Parking
- 2 spots
- Faces
- West
- Heating · cooling
- Forced Air, Central Air
- Possession
- Available
About this home
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.
All details20 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Size
- 1500-2000 sq ft
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 0
Features
- Available
Exterior & Lot
- Exterior
- Vinyl Siding
- Roof
- Asphalt Shingle
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- In Addition To
Listing
- MLS® number
- X13541290
- Type
- Duplex
- Transaction
- For Sale
- Neighbourhood
- Gibson
- Cross streets
- Barton St E & Kinrade Ave.
Rooms · 2Washroom ×2
2 × 3-piece washroom
History
Past listings and sales for this home and building.
Location
65 Kinrade Avenue, Hamilton, ON L8L 6L5 · Near Barton St E & Kinrade Ave.
Monthly cost
Estimated monthly cost
$3,028/mo
- Mortgage
- $2,878
- Property tax
- $150
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$650,000
Tour in person or by video