Home with vinyl exterior material, street for 499 East 16th St, Hamilton Ontario L9A 4K9
1 day on Market

499 East 16th St, Hamilton, Ontario L9A 4K9

Detached
3 + 2
2
~1788 sqft
$725,000
Get pre-qualifiedPowered by nesto
Detached
3 + 2
2
~1788 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$405/sqft

Monthly cost

Open Calculator

Description

Amazing Investment Opportunity – Fully Legal Duplex in a Prime Location! Investors, take note! This fully legal duplex offers an exceptional opportunity to own a versatile income property in a mature, highly desirable neighbourhood with healthy monthly cash flow and strong tenant appeal. Both units have been thoughtfully updated and feature stainless steel appliances, offering modern comfort and convenience for tenants. The spacious 3-bedroom main-floor unit is complemented by a well-appointed 2-bedroom basement unit, making this property an attractive option for investors seeking multiple income streams. Enjoy the added convenience of separate hydro meters, allowing tenants to manage their own electricity usage. Even better, the basement unit offers the added bonus of no rent control, providing greater flexibility when setting the rent. The property is being offered vacant, giving the next owner the opportunity to set their own rents from day one and tailor the tenancy strategy to their investment goals. Location is another major advantage. Situated close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways, this property provides quick and easy access throughout the area. The established neighbourhood and convenient surroundings create access to a large and diverse tenant pool. Whether you're an experienced investor looking to expand your portfolio or a first-time investor searching for a property with income potential, this fully legal duplex combines updated units, desirable features, flexible rental opportunities, and an incredible location. Opportunities like this don't come along often — book your private viewing today!


Property Details

StyleBungalow Raised
View-
Age of property1955
SqFt~1788 SqFt
Lot Size4,849 Ac(95.87 x 50.58)
Parking Spaces3
MLS ®Number40867137
Community NameHill Park
Data SourceITSO
Listing byKeller Williams Complete Realty

Features

Heating: Baseboard, Gas Hot Water, Radiator
Cooling: Ductless
Basement: Full, Finished

Main Floor

Bedroom

3.17 x 2.74

Bedroom Primary

3.66 x 3.35

Kitchen

4.57 x 2.74

Living Room

5.31 x 3.66


Features

Lot size: 4,849 Ac
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property listed by Keller Williams Complete Realty, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Hill Park

Geo Zone Map ThumbnailHill Park

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

18 days

Compared to

2025

0 day

2024

22 days

2023

20 days

New Listings

Past 30 days

5 listings

Compared to

2025

7 listings

2024

12 listings

2023

2 listings

Units sold

Past 30 days

2 units

Compared to

2025

0 unit

2024

4 units

2023

2 units

Median Sold Price

Past 30 days

$655,000

Compared to

2024

$663,500

2023

$713,250


Population and Demographics

Overview

Total population 3366
Average household income $102,806

Age (%)

0 to 19
18%
20 to 34
24%
35 to 49
18%
50 to 64
21%
65 and plus
19%

Household composition (%)

Single family
60%
Single person
33%
Multi person
6%
Multi family
1%

Mother tongue (%)

English
84%
Others
4%
Spanish
3%
Italian
2%
Arabic
2%
Tagalog (Pilipino, Filipino)
2%

House tenancy (%)

Owners
64%
Renters
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget