Space
Finished area and layout
- Square Feet
- 1,100-1,500 sqft
- Bedrooms
- 4
- Bathrooms
- 2
+16 more
4
Bedrooms
2
Bathrooms
1,100-1,500 sqft
Square Feet
22.6 x 122 FT
Lot
2
Parking
Property Snapshot
Key details for this listing
MLS #X13540144
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Basement
About This Property
This 4-bedroom, 2-bathroom multi-family in Hamilton offers 1,100-1,500 sqft of square feet on a 22.6 x 122 FT lot. 2 storeys. The home features forced air, natural gas heating, central air conditioning, a unfinished, n/a basement.
MLS Remarks
29 Gertrude Street is an investment property within a portfolio. A legal duplex in Hamilton's lower city, offering current income with a clear value-add path. The property is currently generating a 5.44% cap rate with $26,918 in current NOI and 67% occupancy, with 2 of 3 doors currently occupied. One of the three units is month-to-month, creating an opportunity to reset rents to market on turnover and increase income. The property is configured with a 2-bedroom main-floor unit and a 3-room upstairs unit. Separate hydro metering is already in place, with tenants paying their own hydro, helping keep the owner's operating costs low and allowing added rent to flow more directly to NOI. The basement is currently unfinished and vacant, representing the immediate value-add opportunity. A future owner may be able to finish the basement and create a third rentable door, adding a new income stream on top of the in-place NOI without changing the building's footprint, subject to buyer due diligence and any required approvals. The upstairs unit is currently month-to-month and can be brought closer to market rent on turnover, while the vacant basement provides additional rental upside through build-out. With legal-duplex designation, separate hydro metering, current NOI, rent-reset potential, and a clear basement expansion opportunity, 29 Gertrude Street is well positioned for an investor seeking both immediate income and long-term appreciation in a tenant-dense Hamilton lower-city pocket. (id:60351)
Full Listing Details
Address29 GERTRUDE STREET
MLS#X13540144
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
List DateJul 7, 2026
Days on Market111
Common InterestFreehold
Annual Tax$2,267 (2026)
Parking2
Parking TypeNo Garage
Structure TypeDuplex
AttachedAttached
StyleMultiplex
Bedrooms4
Bathrooms2
Bedrooms Above Grade4
Square Feet1,100-1,500 sqft
Stories2
CityHamilton
ProvinceOntario
Postal CodeL8L4B7
Lot Dimensions22.6 x 122 FT
Frontage22.7 feet
Total Parking2
Parking FeaturesNo Garage
HeatingForced air, Natural gas
CoolingCentral air conditioning
BasementUnfinished, N/A
FoundationUnknown
ExteriorBrick Facing
SewerSanitary sewer
Water SourceMunicipal water
Annual Tax$2,267 (2026)
Cross Streets: Gertrude St & Gage Ave N. ** Directions: Gage Ave. East on Gertrude St.
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