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$ 874,900
Est. payment /mo
Price Dropped by $74K
27 Melrose AVE S Hamilton, ON L8M 2Y4
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Stripley
MLS Listing ID X12292174
Style 2 1/2 Storey
Bedrooms 7
Annual Tax Amount $5,689
Tax Year 2024
Property Sub-Type Duplex
Property Description
Rare 3-unit opportunity in a quiet, tree-lined Downtown Hamilton neighbourhood. Steps to schools, shopping, parks, Tim Hortons Field, community centre, and with easy access to downtown and highways. Fully renovated from the studs, this 2.5-storey property is a legal duplex with a finished basement already roughed-in for a third self-contained unit, offering exceptional flexibility for investors or owner-occupants. The main floor includes 2 bedrooms and 1 bath, plus exclusive use of the finished basement with 2 more bedrooms, 1 bath, and a large rec room, easily converted to a separate suite. Both main and basement spaces are vacant, ideal for moving in or maximizing rental income. The upper unit spans the 2nd and 3rd floors with 3 bedrooms, 2 full baths, and a private rear patio. All major updates are done: wiring, plumbing, windows, insulation, drywall, roof, soffits, and fascia, ensuring low-maintenance ownership for years ahead. Live in one unit and rent two, or lease out all three for strong cash flow. The backyard has been converted to plenty of parking, perfect for added income during football season. With potential for a future 4-plex conversion and 6 months of free professional property management included, this is a rare chance to secure a high-performing 3-unit investment in a prime Hamilton location.
Location
Province ON
County Hamilton
Community Stripley
Area Hamilton
Zoning C
Rooms
Basement Walk-Up, Separate Entrance
Kitchen 2
Interior
Interior Features None
Cooling Central Air
Inclusions 2 fridges, 2 stoves, 2 dishwashers, 2 washers, 2 dryers.
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 5
Building
Foundation Stone
Lited by KELLER WILLIAMS COMPLETE REALTY
