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Listed price in listed location currency (CAD).
$495,000

422

MLS® X13540144

Overview

Key Facts

Type Duplex
Levels Residential
Size -
Garage None
Taxes $2,267
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13540144

Property Address: 29 Gertrude St, Hamilton, ON, L8L4B7

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberX13540144
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
BasementUnfinished
DrivewayGarage Type:None
Garage Spaces
HeatGas, Forced Air
A/CCentral Air

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $495,000

For Sale · 0 days

$495,000

MLS® X13540144

12 hours ago

Not Sold Yet

July 2026, For Sale for $495,000

For Sale · 0 days

$495,000

MLS® X13540144

12 hours ago

Not Sold Yet

September 2025, Canceled for $575,000

Canceled · 150 days

$575,000

MLS® X12092221

10 months ago

Canceled on Sep 17, 2025

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Home Estimate Zoopraisal®

This property is estimated to sell between: $449,000 and $518,000.
Similar properties in this area sold on average for: $449,388
Expected to sell in 24 days. Similar properties sold in 24 days. This home has been on Zoocasa for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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