$549,900
Est. payment $2,435/moCalculate yours
50 Somerset Avenue, Hamilton, ON L8L 2L5
Stipley, Hamilton, ON L8L 2L5
- 3 + 1 Beds
- 3 Baths
- 1,100 Sq Ft
Listing courtesy of YOUR HOME SOLD GUARANTEED REALTY ELITE MLS® X13853452
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 100+
- Size
- 1,100 sqft
Interior
- Bedrooms
- 3 + 1
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Finished, Full, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 24.4 x 60 Feet
- Parking
- None garage · 2 total
- Zoning
- C
Financial
- Property Taxes
- $3,379 (2026)
Location
- Neighbourhood
- Stipley
- Cross Street
- Cannon & Barnside
- Direction Faces
- South
Listing
- MLS® Number
- X13853452
- Days on Market
- 16
- Listed On
- 2026-10-02
- Possession
- Flexible
- Listed By
- YOUR HOME SOLD GUARANTEED REALTY ELITE
Rooms
Features
Interior
- Water Heater Owned
Property
- Hospital
- Public Transit
- School
Pool
- None
- Included
- MAIN FLOOR - Fridge, Stove, Dishwasher, Built-In-Microwave, Washer & Dryer. 2ND FLOOR - Fridge, Stove, Dishwasher, Built-In-Microwave, Washer & Dryer. LOWER LEVEL - Fridge, Stove, Built-In-Microwave, Washer/Dryer Combo Unit. Hot Water Heater.
Mortgage calculator
Estimated mortgage payment
$2,435 per month
- Principal and interest
- $2,435
- Property tax
- $282
- Condo fees
- $0
- Estimated monthly cost
- $2,716
Your mortgage
- Mortgage amount
- $439,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $290,531
Cash to close
- Down payment
- $109,980
- Land transfer tax
- $7,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $117,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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