Kitchen (3.05 × 4.55)
Level: Main
50 Somerset Avenue
Gibson/Stipley, Hamilton, ON L8L 2L5
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- 40876368
- Board
- Cornerstone (ITSO) MLS®
- Days on market
- Tax
- $3,379
- Size
- 1366 sqft
- Lot
- 24.40 × 60 Acres
- Parking
- 2 Parking
Listing History
Listing activity for 50 Somerset Avenue, Hamilton, ON
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $535,000 | N/A | For Sale | 40876368 |
Property Details
Property
- Property Type
- Single Family Residence
- Style
- Traditional
- Community
- Gibson/Stipley
- Municipality
- Hamilton
Inside
- Bedrooms
- 3+1
- Bathrooms
- 3
- Basement Type
- Separate Entrance, Full, Finished
- Kitchens
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air, Natural Gas
Building
- Size
- 1366 sqft
- Construction
- Brick
Parking
- Driveway
- Private Drive Double Wide
- Add. Parking
- 2
- Total Parking
- 2
Land
- Sewer
- Sewer (Municipal)
- Lot Size
- 24.40 × 60 Acres
- Lot Size Code
- Acres
Additional
- Year built
- 1910
- Foundation
- Concrete Perimeter
- Roof
- Asphalt Shing
- Extras
- Water Heater Owned, Refrigerator
Rooms (14)
Bedroom (2.97 × 3.05)
Level: Main
Living Room (2.72 × 3.33)
Level: Second
Kitchen (1.83 × 2.18)
Level: Lower
Bedroom (2.97 × 4.24)
Level: Second
Bathroom (2.57 × 3.20)
4-Piece
Level: Second
Laundry (0.74 × 0.76)
Level: Main
Bedroom (1.80 × 5.31)
Level: Lower
Living Room (3.30 × 7.11)
Level: Lower
Bathroom (1.04 × 3.38)
3-Piece
Level: Main
Bedroom (4.19 × 5.66)
Level: Third
Bathroom (1.57 × 2.08)
3-Piece
Level: Lower
Kitchen (2.08 × 2.87)
Level: Second
Utility Room (2.08 × 3.61)
Level: Lower
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
13 records read 7 on record nearby 6 checked, none on recordRead 2026-11-09
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m5 test or monitoring holes also recorded.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
Province of Ontario open data
Around the home
- Nearest rail line: 700 m
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 50 m away. Routes and stops change; check the agency’s schedule.
- A trail on the Ontario trail network within 1 km
Province of Ontario open data · Municipal transit open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is GFL Environmental Services Inc. — GFL Environmental Services Inc. (Hamilton - Lottridge), 680 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Alectra Utilities Corporation
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Dotto One, Rogers. Cable: Cogeco Connexion, Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains public sector Data made available under the City of Hamilton's Open Data Licence
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,453
- Down payment$107,000
- Mortgage amount$428,000
- Total interest$307,900
- Total cost$842,900
Cash flow analysis
$2,453
Total monthly payment
$2,735
Break-even down payment
100%
Cash flow-$2,735
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$535,000
$535,000
CAD
Estimate unavailable
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