ActiveFor Sale

50 SOMERSET Avenue
Hamilton, Ontario, L8L2L5

House
CREA
MLS® Number: 40876368
Estimated Value
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$535,000List Price
4Bedrooms
3Bathrooms
2Total Parking
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Current valuation for 50 SOMERSET Avenue. Listed for $535,000

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Description

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:66360)

Features

BrickRefrigerator

Amenities

No amenities available

Summary

List Price:$535,000
MLS® Number:40876368
CREA Listing Key:30479643
Type:House
Building Age:Built 1910
Size:2,074 sq ft
Taxes:$3,379
Total Parking Spaces:2
Community:200 - Gibson/Stipley
Listing Brokerage:Your Home Sold Guaranteed Realty Elite

Rooms

14 rooms
Lower level
Utility room6'10'' x 11'10''
3pc Bathroom5'2'' x 6'10''
Bedroom5'11'' x 17'5''
Living room10'10'' x 23'4''
Kitchen6'0'' x 7'2''
Third level
Bedroom13'9'' x 18'7''
Second level
4pc Bathroom8'5'' x 10'6''
Bedroom9'9'' x 13'11''

Details

Property

Property Type:House
Style:Other
Community:200 - Gibson/Stipley
Municipality:Hamilton

Building

Size:2,074 sq ft
Building Age:Built 1910

Inside

Bedrooms:4
Bedrooms Above Grade:3
Bedrooms Below Grade:1
Bathrooms:3
Rooms:14
Appliances Included:Refrigerator
Basement:Finished, Full

Parking

Total Parking Spaces:2

Utilities

Cooling:Central air conditioning
Heating:Forced air, Natural gas
Water Supply:Municipal water
Utility Sewer:Municipal sewage system

Land

Lot Size:0.03 acres
Zoning:C1
Directions:QEW, South on Red Hill Pkwy, West on Question Road, Continue West on Main Street E, North West on King Street E, North on Barnesdale Ave N, West on Somerset Ave

$535,000

List price