65 Kinrade AvenueHamilton, ON L8L 6L5

Description

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.

Property Information

Property type

Residential Income

Sub-type

Duplex

Style

2-Storey

Stories

2

Lot dimensions

21.75x94.5

Parking spaces

2

MLS^® Listing#

X13541290

Property Features

Cooling

Central Air

Heating

Natural Gas · Forced Air

Basement

Unfinished

Pool

None

Construction

Vinyl Siding

Roof

Asphalt

Financial Details

Annual taxes

$1,800Tax year 2025

Parcel number

171970276

Directions

Barton St E, south on Kinrade Ave.