Just Listed
Address
499 East 16th Street, Hamilton, ON
Price
$ 725,000
Property Attributes
- ID#40867137
- TypeSingle Family
- Listing Status Active
- MunicipalityHamilton
- CityHamilton
- AreaHamilton
- Neighbourhood176 - Hill Park
- Postal CodeL9A 4K9
- StyleRaised bungalow
- Year Built1955
- Price$ 725,000
- Bedrooms3+2
- Bathrooms2
- Half Bathrooms0
- Sqr Footage1788
- Lot Size0.11 Acres
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Amazing Investment Opportunity – Fully Legal Duplex in a Prime Location! Investors, take note! This fully legal duplex offers an exceptional opportunity to own a versatile income property in a mature, highly desirable neighbourhood with healthy monthly cash flow and strong tenant appeal. Both units have been thoughtfully updated and feature stainless steel appliances, offering modern comfort and convenience for tenants. The spacious 3-bedroom main-floor unit is complemented by a well-appointed 2-bedroom basement unit, making this property an attractive option for investors seeking multiple income streams. Enjoy the added convenience of separate hydro meters, allowing tenants to manage their own electricity usage. Even better, the basement unit offers the added bonus of no rent control, providing greater flexibility when setting the rent. The property is being offered vacant, giving the next owner the opportunity to set their own rents from day one and tailor the tenancy strategy to their investment goals. Location is another major advantage. Situated close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways, this property provides quick and easy access throughout the area. The established neighbourhood and convenient surroundings create access to a large and diverse tenant pool. Whether you're an experienced investor looking to expand your portfolio or a first-time investor searching for a property with income potential, this fully legal duplex combines updated units, desirable features, flexible rental opportunities, and an incredible location. Opportunities like this don't come along often — book your private viewing today! (id:7434)
General Features
| Features | In-Law Suite |
|---|---|
| Community Features | Community Centre, School Bus |
| Property Type | Single Family |
| Zoning Description | C |
| Amenities | Airport, Park, Public Transit, Schools |
| Building Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| Building Architectural Style | Raised bungalow |
| Building Cooling Type | Ductless |
| Location Description | Upper Wentworth to Mohawk to East 16th |
| Parking Space Total | 3 |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Baseboard heaters, Hot water radiator heat |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 1788 |
| Bedrooms | 3+2 |
Exterior Features
| Land Amenities | Airport, Park, Public Transit, Schools |
|---|---|
| Sewer | Municipal sewage system |
| Exterior Finish | Brick |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 4pc Bathroom | Measurements not available | Main level | ||
| Bedroom | 10'5'' x 9'0'' | Main level | ||
| Dining room | 12'0'' x 13'5'' | Main level | ||
| Kitchen | 15'0'' x 9'0'' | Main level | ||
| Living room | 17'5'' x 12'0'' | Main level | ||
| Primary Bedroom | 12'0'' x 11'0'' | Main level | ||
| Utility room | Measurements not available | Basement |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L9A 4K9
Price
Year Built
In The Neighbourhood
Hamilton
$ 599,900
- Type
- Single Family
- Size
- 1,365 SqFt
- Rooms
- 3 Beds + 1.5 Baths
Coldwell Banker Community Professionals
Hamilton
$ 729,000
- Type
- Single Family
- Size
- 2,164 SqFt
- Rooms
- 4 Beds + 2 Baths
RE/MAX Escarpment Realty Inc.
Hamilton
$ 579,777
- Type
- Single Family
- Size
- 856 SqFt
- Rooms
- 4 Beds + 2 Baths
RE/MAX Escarpment Realty Inc.
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