$649,900
Est. payment $2,878/moCalculate yours
63 Melrose Avenue S, Hamilton, ON L8M 2Y4
Stipley, Hamilton, ON L8M 2Y4
- 6 Beds
- 4 Baths
- 1 Garage
- 2,500 Sq Ft
Listing courtesy of RE/MAX ESCARPMENT REALTY INC. MLS® X13769078
About this home
An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future!
Property details
Overview
- Property Type
- Duplex
- Style
- 2 1/2 Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 100+
- Size
- 2,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 2
- Basement
- Full, Partially Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Other
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 40 x 120 Feet
- Parking
- Detached garage · 3 total
- Zoning
- C
Financial
- Property Taxes
- $4,765 (2026)
Location
- Neighbourhood
- Stipley
- Cross Street
- Melrose and Dunsmure Road
- Direction Faces
- East
Listing
- MLS® Number
- X13769078
- Days on Market
- 38
- Listed On
- 2026-09-10
- Possession
- Immediate
- Listed By
- RE/MAX ESCARPMENT REALTY INC.
Rooms
Features
Interior
- Water Heater
Property
- Park
- Public Transit
- School
Pool
- None
- Included
- 2 refrigerators, 2 Stoves, dishwasher, washer and dryer
- Rental items
- Hot Water Heater
Mortgage calculator
Estimated mortgage payment
$2,878 per month
- Principal and interest
- $2,878
- Property tax
- $397
- Condo fees
- $0
- Estimated monthly cost
- $3,275
Your mortgage
- Mortgage amount
- $519,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $343,365
Cash to close
- Down payment
- $129,980
- Land transfer tax
- $9,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $139,453
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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