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.29 Gertrude Street is 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.
Address
29 Gertrude Street
List Price
$495,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Hamilton
Sub-Area
Industrial Sector
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
10
Bathrooms
2
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
122
Lot Size Units
Feet
Lot Width
22.58
Parcel Number
172190050
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Gertrude St & Gage Ave N
MLS® Number
X13540144
Listing Brokerage
EXP REALTY
Basement Area
Unfinished
Postal Code
L8L 4B7
Posession Details
Available
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$2,267.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick Front
Direction Faces
North
Fireplace
No
Foundation Details
Unknown
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LOT 42 PLAN 481 HAMILTON AS IN NS251053 ; HAMILTON
Waterfront
No
Sewer
Sewer