New 99 Sanford Avenue N, Hamilton, ON L8L 5Z1
Gibson · Hamilton · ON
About this property
99 Sanford Avenue N, Hamilton is an Investment Property, duplex-plus-rooms property in Hamilton's west-end Landsdale neighborhood, offered at a 5.49% in-place cap rate with a clear, built-in path to higher income. The property generates $49,080 in gross annual rent and $37,638 NOI at an asking price of $685,000.Configured as a one-bedroom main-floor apartment and a four-room upper unit, the building runs on two hydro meters with front parking - a rentable amenity in this lower-city location. Four of the five occupied doors are month-to-month, giving an incoming owner immediate room to reset rents to market as tenancies turn, with no additional acquisition required. The stand-out upside is the basement: counted as a sixth door with its own separate side entrance, it is currently vacant and ready to be finished and leased as a private, self-contained unit - adding a brand-new income stream that isn't yet reflected in the in-place numbers. Between the month-to-month resets and the basement lease-up, a new owner has two distinct, low-risk levers to grow NOI from day one. Situated in an appreciating pocket close to transit, schools, and everyday amenities, 99 Sanford offers strong room-rental income today plus genuine value-add on top. Ideal for an investor building a Hamilton rental base or adding a room-rich, high-upside asset to an existing portfolio. - Duplex + rooms, Price: $685,000 - Gross annual rent: $49,080, Net operating income: $37,638, Cap rate: 5.49% (in-place) - Doors: 6 (5 occupied / 83%; basement vacant) Configuration: 1-bed main floor + 4-room upper unit + vacant side-entrance basement (6th door) -Metering / parking: Two hydro meters, front parking
Property details
- MLS® Number
- X13522706
- Status
- Active / New
- Transaction
- For Sale
- Property Type
- Residential Freehold
- Property Subtype
- Duplex
- Bedrooms Above Grade
- 5
- Kitchens
- 2
- Living Area Range
- 1500-2000
- Lot Size
- Feet
- Lot Width
- 26.00
- Lot Depth
- 100.00
- Taxes
- $2,400
- Tax Year
- 2025
- Garage
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Heating
- Forced Air / Gas
- Cooling
- Central Air
- Basement
- Separate Entrance
- Sewer
- Sewer
- Direction Faces
- West
- Cross Street
- Sanford Ave And Cannon St
- Directions
- Sanford Ave. south of Cannon St.
- Occupancy
- Tenant
Interior Features
- Interior
- None
Exterior Features
- Pool
- None
Building & Construction
- Style
- 2 1/2 Storey
- Construction
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
Parking & Garage
- Garage
- None
- Parking spaces
- 2
- Parking total
- 2.00
- Covered spaces
- 2
Community & Neighbourhood
- Cross street
- Sanford Ave And Cannon St
Utilities & Services
- Sewer
- Sewer
Location
Property History
- Listed
- July 4, 2026 2:42 pm
- Listing updated
- July 14, 2026 9:10 pm
- System updated
- July 14, 2026 9:10 pm
- Photos changed
- July 4, 2026 2:42 pm
- Media changed
- July 4, 2026 2:42 pm
- Imported locally
- July 14, 2026 6:00 pm