50 SOMERSET Avenue

Hamilton, Ontario L8L2L5

MLS # 40867400

$549,900

Property Details

Type

Detached

Beds

Baths

Status

For Sale

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About this property

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.

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Property taxes: about $282/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Utility room	Lower level	6'10'' x 11'10''
3pc Bathroom	Lower level	5'2'' x 6'10''
Bedroom	Lower level	5'11'' x 17'5''
Living room	Lower level	10'10'' x 23'4''
Kitchen	Lower level	1'0'' x 7'2''
Bedroom	Third level	13'9'' x 18'7''
4pc Bathroom	Second level	8'5'' x 10'6''
Bedroom	Second level	9'9'' x 13'11''
Living room	Second level	8'11'' x 10'11''
Kitchen	Second level	6'10'' x 6'5''
Laundry room	Main level	2'5'' x 2'6''
3pc Bathroom	Main level	3'5'' x 11'1''
Bedroom	Main level	9'9'' x 10'0''
Kitchen	Main level	10'0'' x 14'11''