New 65 Kinrade Avenue, Hamilton, ON L8L 6L5
Gibson · Hamilton · ON
About this property
65 Kinrade Ave, Hamilton is an investment property within a portfolio. 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.
Property details
- MLS® Number
- X13541290
- 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
- 21.75
- Lot Depth
- 94.50
- Taxes
- $1,800
- Tax Year
- 2025
- Garage
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Heating
- Forced Air / Gas
- Cooling
- Central Air
- Basement
- Unfinished
- Sewer
- Sewer
- Direction Faces
- West
- Cross Street
- Barton St E & Kinrade Ave.
- Directions
- Barton St E, south on Kinrade Ave.
- Occupancy
- Tenant
Interior Features
- Interior
- None
Exterior Features
- Pool
- None
Building & Construction
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
Parking & Garage
- Garage
- None
- Parking features
- Available
- Parking spaces
- 2
- Parking total
- 2.00
- Covered spaces
- 0
Community & Neighbourhood
- Cross street
- Barton St E & Kinrade Ave.
Utilities & Services
- Sewer
- Sewer
Location
Property History
- Listed
- July 9, 2026 2:36 am
- Listing updated
- July 14, 2026 9:30 pm
- System updated
- July 14, 2026 9:30 pm
- Photos changed
- July 9, 2026 2:36 am
- Media changed
- July 9, 2026 2:36 am
- Imported locally
- July 14, 2026 6:00 pm