65 Kinrade Avenue, Hamilton, ON L8L 6L5
Hamilton, ON, L8L 6L5 · Gibson
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.
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 2-Storey |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $1,800 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- 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
- Parking Features
- Available
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 94.50
- Lot Width
- 21.75
Financial & Tax
- Tax Annual Amount
- $1,800
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Available
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 6
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Hamilton
- Cross Street
- Barton St E & Kinrade Ave.
- Directions
- Barton St E, south on Kinrade Ave.
- Special Designation
- Unknown
- Showing Requirements
- List Salesperson
Location
65 Kinrade Avenue, Hamilton, ON L8L 6L5, Hamilton, ON, L8L 6L5