$ 549,900

50 Somerset Avenue, Hamilton

FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start. Some photos have been virtually staged. (id:1945)
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Property details for 50 Somerset Avenue, Hamilton

Type
Residential
Style
Other
Bedrooms
4
Bathrooms
3
Living Area
2,074 square feet
Lot Size
0.03
Stories
2.5
Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Brick
Ownership
Freehold
Annual Taxes
$3,379

Nearby Listings Stat

Estimated price and comparable properties near 50 Somerset Avenue

Active Listings
27
Min Price
$469,900
Max Price
$929,000
Avg Price
$698,821
Days on Market
38
days
Sold Listings
7
Min Sold Price
$429,900
Max Sold Price
$849,900
Avg Sold Price
$574,643
Days until Sold
95
days

Neighbourhood Census Data

Hamilton, Ontario

Population
546
Median Age
35.4
Median Income
$24,512
Dwelling Value
$220,018

Housing Tenure

Owners 87%
Renters 13%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.7
Pop. Density: 9,578.9/km²
Avg Shelter Cost: $886/mo
Owners with Mortgage: 65.7%
Owners Spending 30%+: 20.6%
Tenants Spending 30%+: 0%
English only: 93.6%
English and French: 2.8%
Neither: 4.6%
Median Household Income: $48,000
Median Employment Income: $25,024

Price History

Listed
October 2, 2026
by Your Home Sold Guaranteed Realty Elite
Current Price
$549,900
Type
Residential
For Sale
50 Somerset Avenue

Contact Agent Get in touch about 50 Somerset Avenue, Hamilton

Steve Augustine
Steve Augustine
Your Home Sold Guaranteed Realty Elite