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$650,000
Ontario,Hamilton (Gibson)
For Sale Active
65 KINRADE AVENUE, Hamilton (Gibson), Ontario L8L6L5
  • 5
  • 2
  • 1500 - 2000Square Feet
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Basic Details
Description

This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 65 Kinrade Ave, Hamilton is 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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13541290
  • Price: $650,000
  • Bedrooms: 5
  • Bathrooms: 2
  • Square Footage: 1500 - 2000 Sqft
  • Status: Active
  • Office Name: EXP REALTY
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 280225
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: N/A, Unfinished
  • Parking: No Garage
  • Exterior Features: Vinyl siding
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Hamilton (Gibson), L8L6L5
  • Street: Kinrade
  • Street Number: 65
  • Street Suffix: Avenue
  • Longitude: W80° 9' 44.2''
  • Latitude: N43° 15' 20.7''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 21.8 x 94.5 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 1800
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Listing updated: 2026-07-09 19:21:55
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Listing Information
  • List Agent Key: 2247772
  • List Office Key: 280225
  • Modification Timestamp: 2026-07-09T03:45:02Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-07-09T03:38:19Z
Powered by REALTOR.ca
Listing updated: 2026-07-09 19:21:55
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