27 MELROSE Avenue S, Hamilton, Ontario, L8M 2Y4

MLS® # 40787464

Investment For Sale In Stipeley, Hamilton, Ontario

$799,000

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27 Melrose Avenue S, Hamilton, ON - Outdoor With Deck Patio Veranda

27 Melrose Avenue S, Hamilton, ON - Outdoor

27 Melrose Avenue S, Hamilton, ON - Outdoor With Deck Patio Veranda With Exterior

27 Melrose Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

27 Melrose Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen

27 Melrose Avenue S, Hamilton, ON - Indoor Photo Showing Bathroom

27 Melrose Avenue S, Hamilton, ON - Indoor

27 Melrose Avenue S, Hamilton, ON - Outdoor With Exterior

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27 MELROSE Avenue S, Hamilton, Ontario, L8M 2Y4

$799,000

Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Basement Development: Finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 2394 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Public Transit, Schools
Built in: 1915
Community Features: Community Centre
Floor Space (approx): 2394 Square Feet
Lot Depth: 120 Feet
Lot Frontage: 34 Feet
Zoning: C
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 6

Courtesy of: Real Broker Ontario Ltd.

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