65 Kinrade Ave, Hamilton, Ontario

Multi-Family for Sale in Hamilton

65 Kinrade Ave, Hamilton, ON

  • CA$650,000
  • 5 BEDS
  • 2 BATHS
  • CA$650,000

Multi-Family for Sale in Hamilton

65 Kinrade Ave, Hamilton, ON

  • CA$650,000
  • 5 BEDS
  • 2 BATHS
  • CA$650,000

Key Facts

  • MLS® #: X13541290
  • Property ID: SIRC3486034
  • Property Type: Residential, Duplex
  • Interior Area¹: 1500-2000 sq.ft.
  • Lot Size¹: 21.75x94.5 ft.
  • Bedrooms: 5
  • Bathrooms: 2
  • Parking Spaces: 2
  • Listed By:
  • EXP REALTY

Property Description

This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 65 Kinrade Ave, Hamilton is 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.

Listing Agents

EXP REALTY

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Location

65 Kinrade Ave, Hamilton, Ontario, L8L 6L5 Canada

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¹The value refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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