29 Gertrude Street, Hamilton, ON L8L 4B7
Hamilton, ON, L8L 4B7 · Industrial Sector
About this property
29 Gertrude Street is an investment property within a portfolio. 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.
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick Front
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $2,267 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick Front
- Foundation Details
- Unknown
- Roof
- Asphalt Shingle
- Basement
- Unfinished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 122.00
- Lot Width
- 22.58
Financial & Tax
- Tax Annual Amount
- $2,267
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Available
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 10
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Hamilton
- Cross Street
- Gertrude St & Gage Ave N
- Directions
- Gage Ave. East on Gertrude St
- Special Designation
- Unknown
- Showing Requirements
- List Brokerage
Location
29 Gertrude Street, Hamilton, ON L8L 4B7, Hamilton, ON, L8L 4B7