Duplex · For sale

65 Kinrade Avenue, Hamilton

$650,000

Listing brokerage: EXP REALTY · MLS® X13541290

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

EXP REALTY

Type

Duplex

Deal

For sale

Category

Residential · Multi-unit homes

Bedrooms

5

Bathrooms

2

Size

1500-2000 sq ft

Lot

21.75 x 94.5 ft

Area

Gibson

MLS® number

X13541290

Description

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.