65 KINRADE AVENUE, Hamilton (Gibson)
5 BEDS · 2 BATHS · 1500 - 2000 sqft
$650,000
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.
General Info
| MLS Listing ID: X13541290 | Bedrooms: 5 | Bathrooms: 2 | Year Built: 0 |
| Listing Type: Multi-family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Unknown | Roof: N/A | Title To Land: N/A | Parking Space Total: 2 |
| Parking: No Garage | Heating: Forced air | Size: 1500 - 2000 sqft | Air Conditioning : Central air conditioning |
| Home Style: N/A | Finished Floor Area: N/A | Fireplaces: N/A | Basement: N/A (Unfinished) |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |











