$597,000
99 Sanford Avenue N, Hamilton, ON L8L 5Z1
Gibson · Hamilton · L8L 5Z1
Listing brokerage: EXP REALTY
- Beds
- 5
- Baths
- 2
- Sq ft
- 1500–2000
- Parking
- 2
Monthly costs
Property taxes
$200/mo
$2,400 a year (2025)
The home
- Lot size
- 26 × 100 ft
- Style
- 2 1/2 Storey
- Basement
- Separate Entrance
- Parking
- 2 spots
- Faces
- West
- Heating · cooling
- Forced Air, Central Air
- Possession
- Available
About this home
99 Sanford Avenue N, Hamilton is an Investment Property, duplex-plus-rooms property in Hamilton's west-end Landsdale neighborhood, offered at a 5.49% in-place cap rate with a clear, built-in path to higher income. The property generates $49,080 in gross annual rent and $37,638 NOI at an asking price of $685,000.Configured as a one-bedroom main-floor apartment and a four-room upper unit, the building runs on two hydro meters with front parking - a rentable amenity in this lower-city location. Four of the five occupied doors are month-to-month, giving an incoming owner immediate room to reset rents to market as tenancies turn, with no additional acquisition required. The stand-out upside is the basement: counted as a sixth door with its own separate side entrance, it is currently vacant and ready to be finished and leased as a private, self-contained unit - adding a brand-new income stream that isn't yet reflected in the in-place numbers. Between the month-to-month resets and the basement lease-up, a new owner has two distinct, low-risk levers to grow NOI from day one. Situated in an appreciating pocket close to transit, schools, and everyday amenities, 99 Sanford offers strong room-rental income today plus genuine value-add on top. Ideal for an investor building a Hamilton rental base or adding a room-rich, high-upside asset to an existing portfolio. - Duplex + rooms, Price: $685,000 - Gross annual rent: $49,080, Net operating income: $37,638, Cap rate: 5.49% (in-place) - Doors: 6 (5 occupied / 83%; basement vacant) Configuration: 1-bed main floor + 4-room upper unit + vacant side-entrance basement (6th door) -Metering / parking: Two hydro meters, front parking
All details20 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 5
- Size
- 1500-2000 sq ft
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 2
Exterior & Lot
- Exterior
- Brick
- Roof
- Asphalt Shingle
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- In Addition To
Listing
- MLS® number
- X13522706
- Type
- Duplex
- Transaction
- For Sale
- Neighbourhood
- Gibson
- Original price
- $685,000
- Cross streets
- Sanford Ave And Cannon St
Rooms · 2Washroom ×2
2 × 3-piece washroom
History
Past listings and sales for this home and building.
Location
99 Sanford Avenue N, Hamilton, ON L8L 5Z1 · Near Sanford Ave And Cannon St
Monthly cost
Estimated monthly cost
$2,843/mo
- Mortgage
- $2,643
- Property tax
- $200
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$129,683
$119,400 down + $10,283 to $11,533 in closing costs
- Ontario land transfer tax
- $8,415
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $118
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
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.
$597,000
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