$549,900
50 Somerset Avenue, Hamilton, ON L8L 2L5
Stipley · Hamilton · L8L 2L5
Listing brokerage: YOUR HOME SOLD GUARANTEED REALTY ELITE
- Beds
- 3+1
- Baths
- 3
- Sq ft
- 1100–1500
- Parking
- 2
Monthly costs
Property taxes
$282/mo
$3,379 a year (2026)
The home
- Lot size
- 24.4 × 60 ft
- Style
- 2 1/2 Storey
- Basement
- Finished, Full, Separate Entrance
- Parking
- 2 spots
- Faces
- South
- Age
- 100+ years
- Heating · cooling
- Forced Air, Central Air
- Possession
- Flexible
About this home
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.
All details21 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 3+1
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 12
- Size
- 1100-1500 sq ft
Features
- Water Heater Owned
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 0
Features
- Private Double
Exterior & Lot
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
Exterior features
- Porch
- Deck
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Not Subject to HST
Listing
- MLS® number
- X13853452
- Type
- Detached
- Transaction
- For Sale
- Neighbourhood
- Stipley
- Cross streets
- Cannon & Barnside
Rooms · 17Kitchen ×3, Bedroom ×4, Bathroom ×3, Laundry, Living Room ×2, Utility Room, Washroom ×3
Kitchen
Main
4.55 × 3.05 m · 14′11″ × 10′0″
Bedroom
Main
3.05 × 2.97 m · 10′0″ × 9′9″
Combined w/Sitting
Bathroom
Main
3.38 × 1.04 m · 11′1″ × 3′5″
Laundry
Main
0.76 × 0.74 m · 2′6″ × 2′5″
Kitchen
Second
2.87 × 2.08 m · 9′5″ × 6′10″
Living Room
Second
3.33 × 2.72 m · 10′11″ × 8′11″
Bedroom
Second
4.24 × 2.97 m · 13′11″ × 9′9″
Bathroom
Second
3.20 × 2.57 m · 10′6″ × 8′5″
Bedroom
Third
5.66 × 4.14 m · 18′7″ × 13′7″
Kitchen
Lower
2.18 × 1.83 m · 7′2″ × 6′0″
Living Room
Lower
7.11 × 3.30 m · 23′4″ × 10′10″
Bedroom
Lower
5.31 × 1.80 m · 17′5″ × 5′11″
Bathroom
Lower
1.17 × 1.58 m · 3′10″ × 5′2″
Utility Room
Lower
3.61 × 2.08 m · 11′10″ × 6′10″
3-piece washroom
Main
4-piece washroom
Second
3-piece washroom
Lower
History
Past listings and sales for this home and building.
Location
50 Somerset Avenue, Hamilton, ON L8L 2L5 · Near Cannon & Barnside
Monthly cost
Estimated monthly cost
$2,716/mo
- Mortgage
- $2,435
- Property tax
- $282
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
$119,370
$109,980 down + $9,390 to $10,640 in closing costs
- Ontario land transfer tax
- $7,473
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $167
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.
$549,900
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