99 SANFORD AVENUE N, Hamilton (Gibson), Ontario, L8L5Z1
99 Sanford Avenue N, Hamilton is an Investment Property, duplex-plus-rooms property in Hamilton's west-end Landsdale neighborhood, offered at a 5.49% in-place cap rate with a clear, built-in path to higher income. The property generates $49,080 in gross annual rent and $37,638 NOI at an asking price of $685,000.Configured as a one-bedroom main-floor apartment and a four-room upper unit, the building runs on two hydro meters with front parking - a rentable amenity in this lower-city location. Four of the five occupied doors are month-to-month, giving an incoming owner immediate room to reset rents to market as tenancies turn, with no additional acquisition required. The stand-out upside is the basement: counted as a sixth door with its own separate side entrance, it is currently vacant and ready to be finished and leased as a private, self-contained unit - adding a brand-new income stream that isn't yet reflected in the in-place numbers. Between the month-to-month resets and the basement lease-up, a new owner has two distinct, low-risk levers to grow NOI from day one. Situated in an appreciating pocket close to transit, schools, and everyday amenities, 99 Sanford offers strong room-rental income today plus genuine value-add on top. Ideal for an investor building a Hamilton rental base or adding a room-rich, high-upside asset to an existing portfolio. - Duplex + rooms, Price: $685,000 - Gross annual rent: $49,080, Net operating income: $37,638, Cap rate: 5.49% (in-place) - Doors: 6 (5 occupied / 83%; basement vacant) Configuration: 1-bed main floor + 4-room upper unit + vacant side-entrance basement (6th door) -Metering / parking: Two hydro meters, front parking (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-875-5957
- 705-745-4321
- 705-745-4324
- john@mcconkeyrealestate.com
- Property Address: 99 SANFORD AVENUE N, Hamilton (Gibson), Ontario, L8L5Z1
- Community Name: Gibson
- Property Type: Multi-family
- Lot Size: 26 x 100 FT
- Acreage: 26 x 100 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 2
- Maintenance Fee: 0.00
- Structure Style: Duplex
- Storeys: 2.5
- Floor Space: 1500 - 2000 sqft
- Bedrooms: 5
- Bathrooms: 2-Total
- Basement Type: N/A
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick
- Foundation Type: Unknown
Listing Office: EXP REALTY
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