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    For Sale - 65 Kinrade Avenue, Hamilton, Ontario

    Est payment $3,121/mo
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    Views   1
    Time on Jump  12 day

    AI Summary *

    • Part of a multifamily portfolio with individual property purchase options.
    • Legal duplex with rental upside and strong in-place cap rate.
    • Generating consistent income with fully-tenanted units and additional basement potential.
    • Predictable operating costs with separate metering for utilities.
    • Located in a tenant-dense area, ensuring steady rental demand.




    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.
    Listing IDX13541290
    Address65 Kinrade Avenue
    CityHamilton, Ontario
    Price$650,000
    Bed / Bath5 / 2 Full
    Style2-Storey, Duplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features NoneOwnership FreeholdBasement UnfinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of 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. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    65 Kinrade Avenue
    Hamilton , Ontario
    5 2 $650,000
    Get more info