499 East 16th Street, Hamilton, Ontario L9A 4K9

Listed for:
$725,000
5 beds
2 baths
Listed 2 days ago
House for rent: 499 East 16th Street, Hamilton, Ontario L9A 4K9

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About

Upper Wentworth to Mohawk to East 16th 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. (id:27476)

Property Highlights

MLS® Number
40867137
Type
Single Family
Ownership Type
Freehold
Land Size
0.11 ac|under 1/2 acre
Parking Space Total
3

Building

Building Type
House
Storeys
1.00
Square Footage
1788 sqft
Bathrooms Total
2
Bedrooms Above Ground
3
Bedrooms Total
5
Amenities
Airport, Park, Public Transit, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Building Heating Type
Baseboard heaters, Hot water radiator heat
Heating Fuel
Building Cooling Type
Ductless

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Room Layout

Utility room
Basement
Measurements not available
4pc Bathroom
Basement
Measurements not available
Bedroom
Basement
11'4'' x 10'0''
Primary Bedroom
Basement
13'5'' x 11'0''
Kitchen
Basement
21'0'' x 13'5''
4pc Bathroom
Main level
Measurements not available
Bedroom
Main level
10'5'' x 9'0''
Bedroom
Main level
10'5'' x 9'0''
Primary Bedroom
Main level
12'0'' x 11'0''
Dining room
Main level
12'0'' x 13'5''
Living room
Main level
17'5'' x 12'0''
Kitchen
Main level
15'0'' x 9'0''

Location

Learn more about this property
Listing provided by:
Keller Williams Complete Realty
MLS® number:
40867137
Agent:
Nyle Brown
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Street Spotlight - For sale