Primary on Main
Address
499 East 16th Street, Hamilton, ON
Price
$ 725,000
Property Attributes
- ID#40867137
- TypeSingle Family
- Listing Status Active
- MunicipalityHamilton
- CityHamilton
- AreaHamilton
- Neighbourhood176 - Hill Park
- Postal CodeL9A 4K9
- StyleRaised bungalow
- Year Built1955
- Price$ 725,000
- Bedrooms3+2
- Bathrooms2
- Half Bathrooms0
- Sqr Footage1788
- Lot Size0.11 Acres
Data Source:
Canadian Real Estate Association (CREA)
Property Description
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:7434)
General Features
| Features | In-Law Suite |
|---|---|
| Community Features | Community Centre, School Bus |
| Property Type | Single Family |
| Zoning Description | C |
| Amenities | Airport, Park, Public Transit, Schools |
| Building Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| Building Architectural Style | Raised bungalow |
| Building Cooling Type | Ductless |
| Location Description | Upper Wentworth to Mohawk to East 16th |
| Parking Space Total | 3 |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Baseboard heaters, Hot water radiator heat |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 1788 |
| Bedrooms | 3+2 |
Exterior Features
| Land Amenities | Airport, Park, Public Transit, Schools |
|---|---|
| Sewer | Municipal sewage system |
| Exterior Finish | Brick |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 4pc Bathroom | Measurements not available | Main level | ||
| Bedroom | 10'5'' x 9'0'' | Main level | ||
| Dining room | 12'0'' x 13'5'' | Main level | ||
| Kitchen | 15'0'' x 9'0'' | Main level | ||
| Living room | 17'5'' x 12'0'' | Main level | ||
| Primary Bedroom | 12'0'' x 11'0'' | Main level | ||
| Utility room | Measurements not available | Basement |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L9A 4K9
Price
Year Built
In The Neighbourhood
Hamilton
$ 599,900
- Type
- Single Family
- Size
- 1,365 SqFt
- Rooms
- 3 Beds + 1.5 Baths
Coldwell Banker Community Professionals
Reduced
Hamilton
$ 729,000
- Type
- Single Family
- Size
- 2,164 SqFt
- Rooms
- 4 Beds + 2 Baths
RE/MAX Escarpment Realty Inc.
Golf Course
Hamilton
$ 579,777
- Type
- Single Family
- Size
- 856 SqFt
- Rooms
- 4 Beds + 2 Baths
RE/MAX Escarpment Realty Inc.
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
