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$495,000
Ontario,Hamilton (Industrial Sector)
For Sale Active
29 GERTRUDE STREET, Hamilton (Industrial Sector), Ontario L8L4B7
  • 4
  • 2
  • 1100 - 1500Square 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.29 Gertrude Street is a legal duplex in Hamilton’s lower city, offering current income with

a clear value-add path. The property is currently generating a 5.44% cap rate with $26, 918 in current NOI and 67% occupancy, with 2 of 3 doors currently occupied. One of the three units is month-to-month, creating an opportunity to reset rents to market on turnover and increase income. The property is configured with a 2-bedroom main-floor unit and a 3-room upstairs unit. Separate hydro metering is already in place, with tenants paying their own hydro, helping keep the owner’s operating costs low and allowing added rent to flow more directly to NOI. The basement is currently unfinished and vacant, representing the immediate value-add opportunity. A future owner may be able to finish the basement and create a third rentable door, adding a new income stream on top of the in-place NOI without changing the building’s footprint, subject to buyer due diligence and any required approvals. The upstairs unit is currently month-to-month and can be brought closer to market rent on turnover, while the vacant basement provides additional rental upside through build-out. With legal-duplex designation, separate hydro metering, current NOI, rent-reset potential, and a clear basement expansion opportunity, 29 Gertrude Street is well positioned for an investor seeking both immediate income and long-term appreciation in a tenant-dense Hamilton lower-city pocket. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13540144
  • Price: $495,000
  • Bedrooms: 4
  • Bathrooms: 2
  • Square Footage: 1100 - 1500 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: Brick Facing
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Hamilton (Industrial Sector), L8L4B7
  • Street: Gertrude
  • Street Number: 29
  • Street Suffix: Street
  • Longitude: W80° 10' 39.7''
  • Latitude: N43° 15' 33.7''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 22.6 x 122 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 2267
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Listing updated: 2026-07-09 21:27:42
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Listing Information
  • List Agent Key: 2247772
  • List Office Key: 280225
  • Modification Timestamp: 2026-07-08T21:15:05Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-07-08T21:09:50Z
Powered by REALTOR.ca
Listing updated: 2026-07-09 21:27:42
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