Gurvinder Nokwal REALTOR®
For Sale Duplex 38 days on market

$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

Room Level Dimensions
Bedroom 3 Third 12′ 0″ × 8′ 4″
Bedroom Second 12′ 2″ × 0′ 11″
Living Room Ground 13′ 0″ × 11′ 5″
Kitchen Second 9′ 0″ × 10′ 10″
Bedroom 2 Third 16′ 2″ × 15′ 7″
Bedroom Ground 7′ 1″ × 11′ 2″
Bedroom 3 Basement 9′ 0″ × 16′ 7″
Dining Room Ground 11′ 1″ × 13′ 1″
Dining Room Second 13′ 1″ × 10′ 7″
Living Room Second 10′ 10″ × 10′ 10″
Recreation Basement 23′ 6″ × 11′ 5″
Bedroom 2 Basement 13′ 3″ × 10′ 0″
Kitchen Ground 16′ 8″ × 11′ 3″

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

Minimum for this price: $39,990 (6.15%)

Amortization, years

Estimated mortgage payment

$2,878 per month

Principal and interest
$2,878
Property tax
$397
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
Total, before legal fees
$139,453
Talk to me about financing

Estimates 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

63 Melrose Avenue S, Hamilton, ON L8M 2Y4 Stipley, Hamilton, ON L8M 2Y4
Open in Google Maps

Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$649,900 63 Melrose Avenue S, Hamilton, ON L8M 2Y4
Request a showing