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CAONHamiltonHill Park499 E 16Th St
Listing image | Image 1

499 E 16Th St, Hamilton, ON

House

For Sale

Listed price in listed location currency (CAD).
$725,000

523

MLS® 40867137

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 1128 sqft
Garage 
Taxes $5,559
Days Active 30
Lot Size 0.11 Acres
Approx. Age 
Avg. Price Per Sqft $642
MLS® Number 40867137

Property Address: 499 E 16th St, Hamilton, ON, L9A4K9

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

Description

Investors and owner-occupiers, take note! This fully legal duplex offers an incredible opportunity to build equity while generating rental income — whether you're looking to expand your portfolio or live in one unit and rent out the other for an additional source of income. This property features two updated, self-contained units: a spacious 3-bedroom main-floor unit and a well-appointed 2-bedroom basement unit. Both units feature stainless steel appliances and offer comfortable, modern living spaces that are attractive to today's tenants. With separate hydro meters, tenants can be responsible for their own electricity usage. The basement unit also offers the added bonus of no rent control, providing greater flexibility for future rental income. The property is being offered vacant, giving the new owner the flexibility to set their own rents from day one. For an owner-occupier, this creates an especially attractive opportunity: live in one unit while renting the other, generating rental income that can help offset your monthly mortgage payment and make home ownership more affordable. For investors, the property's layout provides the potential for healthy monthly cash flow, while its location helps attract a large and diverse tenant pool. Situated in a mature and established neighbourhood, this property is conveniently located close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways. With quick and easy highway access, getting around the city is a breeze — making this a highly convenient location for both homeowners and tenants. Whether you're looking to house-hack your way into home ownership, reduce your monthly carrying costs, or add a strong income-producing property to your portfolio, this fully legal duplex offers flexibility, rental income potential, updated units, and an incredible location all in one package.
MLS® Number40867137
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
BasementFull, Finished
Driveway
Garage Spaces
HeatBaseboard, Gas Hot Water, Radiator
A/CDuctless

Extras

Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

8 days

Today, For Sale for $725,000

Brick exterior with white shutters and a covered p
For Sale · 30 days

$725,000

MLS® 40867137

A month ago

Not Sold Yet

September 2026, For Sale for $725,000

Brick exterior with white shutters and a covered p
For Sale · 30 days

$725,000

MLS® 40867137

A month ago

Not Sold Yet

April 2021, Expired for $2,200

Expired · 8 days

$2,200

MLS® H4102719

6 years ago

Canceled on Apr 15, 2021

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $700,000 and $738,000.
Similar properties in this area sold on average for: $700,904
Expected to sell in 3 days. Similar properties sold in 33 days. This home has been on Zoocasa for 30 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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