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