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$799,000

7 Beds

4 Baths

2394 FEETSQ

QuickQuoteTM: $697K - $832K

Hamilton ON, L8M 2Y4

MLS® # 40787460

Property Information:

Rare 3-unit opportunity in a quiet, tree-lined Downtown Hamilton neighbourhood. Steps to schools, shopping, parks, Tim Hortons Field, community centre, and with easy access to downtown and highways. Fully renovated from the studs, this 2.5-storey property is a legal duplex with a finished basement already roughed-in for a third self-contained unit, offering exceptional flexibility for investors or owner-occupants. The main floor includes 2 bedrooms and 1 bath, plus exclusive use of the finished basement with 2 more bedrooms, 1 bath, and a large rec room, easily converted to a separate suite. Both main and basement spaces are vacant, ideal for moving in or maximizing rental income. The upper unit spans the 2nd and 3rd floors with 3 bedrooms, 2 full baths, and a private rear patio. All major updates are done: wiring, plumbing, windows, insulation, drywall, roof, soffits, and fascia, ensuring low-maintenance ownership for years ahead. Live in one unit and rent two, or lease out all three for strong cash flow. The backyard has been converted to plenty of parking, perfect for added income during football season. With potential for a future 4-plex conversion and 6 months of free professional property management included, this is a rare chance to secure a high-performing 3-unit investment in a prime Hamilton location.

Inclusions: Other

Building Features:

  • Floor Space: 2394 Square Feet

Property Features:

  • Bedrooms: 7
  • Bathrooms: 4+0
  • Acres Range: < 0.5
  • Architectural Style: 2.5 Storey
  • Basement: Separate Entrance, Walk-Up Access, Full, Finished
  • Construction Materials: Brick
  • Cooling: Central Air
  • Driveway Parking: Front Yard Parking
  • Floor Space (approx): 2394 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In-Suite
  • Lot Depth: 120 Feet
  • Lot Features: Urban, Rectangular, City Lot, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Schools
  • Lot Frontage: 33.79 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: C
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 5

Rooms:

  • Kitchen Main Level 2.87 X 3.00
  • Living Main Level 4.04 X 3.68
  • Bedroom Main Level 3.38 X 2.62
  • Bedroom Main Level 3.38 X 3.00
  • Bathroom Main Level
  • Recreation Room Basement Level 6.27 X 3.68
  • Bedroom Basement Level 4.01 X 2.74
  • Kitchen 2nd Level 2.72 X 3.15
  • Bathroom Basement Level
  • Bedroom Basement Level 3.61 X 2.54
  • Living 2nd Level 3.15 X 3.10
  • Bedroom 2nd Level 2.90 X 3.17
  • Bedroom 2nd Level 3.43 X 2.62
  • Bathroom 2nd Level
  • Bathroom 3rd Level
  • Bedroom 3rd Level 3.05 X 1.83
  • Recreation Room 3rd Level 8.36 X 2.77

Courtesy of: Keller Williams Complete Realty

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Potential Investment Performance

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Location of 27 Melrose Avenue S, Hamilton, ON, L8M 2Y4

Demographic Information of 27 Melrose Avenue S, Hamilton, ON, L8M 2Y4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$95,647.31

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.06 %

High school certificate or equivalent

32.9 %

Apprenticeship trade certificate/diploma

6.38 %

College/non-university certificate

19.62 %

University certificate (below bachelor)

0.62 %

University Degree

17.42 %

Commuter

Travel To Work

By Car

69.37 %

By Public Transit

19.85 %

By Walking

6.7 %

By Bicycle

1.02 %

By Other Methods

3.06 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.02 %

Houses

69.98 %

Own Vs. Rent