65 Kinrade Avenue

Hamilton, ON L8L 6L5 ( Gibson)

Quick Facts

Type: Duplex

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 1,800 ( 2025)

Updated: 2026-07-14 21:30:24

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.

Extras

Duplex

Property

Status: For Sale

MLS #: X13541290

Price: $ 650,000

Address: 65 Kinrade Avenue

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 1,800

Tax Year: 2025

Lot Size:

Neighbourhood: Gibson

Nearest Intersection: Barton St E & Kinrade Ave.

City: Hamilton

Postal Code: L8L 6L5

DOM: 19 Days

Last Update: 2026-07-14 21:30:24

 

Building

Interior

Bedrooms: 5

Bathrooms: 2

Rooms: 0

Kitchens: 2

Family Room:

Fireplace:

Basement: Unfinished,

Central Vacuum:

 

Exterior

Exterior: Vinyl Siding,

Driveway:

Garage: Available

Garage Spaces:

Parking Spaces: 2.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms