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    For Sale - 99 Sanford Avenue, Hamilton, Ontario

    Est payment $2,867/mo
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    Views   4
    Time on Jump  47 day

    AI Summary *

    • Part of a 15-property multifamily portfolio for flexible investment options.
    • Value-add duplex with potential for increased rent and income streams.
    • Convenient location near transit, schools, and amenities for tenant appeal.
    • Month-to-month tenancies allow for quick rent adjustments.
    • Vacant basement offers opportunity for additional income generation.




    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
    Listing IDX13522706
    Address99 Sanford Avenue
    CityHamilton, Ontario
    Price$597,000
    Bed / Bath5 / 2 Full
    Style2 1/2 Storey, Duplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

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

    Parking 2.00
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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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    99 Sanford Avenue
    Hamilton , Ontario
    5 2 $597,000
    Get more info