trreb/IMG-X13853452_03b02689-f31b-4705-afdc-7bd4e52b3b09-l.jpg
1 day on Market

50 Somerset Ave, Hamilton, Ontario L8L 2L5

Detached
3 + 1
3
~1100-1500 sqft
$549,900
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Detached
3 + 1
3
~1100-1500 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$433/sqft

Monthly cost

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Description

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.


Property Details

Style2 1/2 Storey
View-
Age of property100+
SqFt~1100-1500 SqFt
Lot Size1,464 SqFt(60 x 24.4)
Parking Spaces2
MLS ®NumberX13853452
Community NameStipeley
Data SourceTRREB
Listing byYOUR HOME SOLD GUARANTEED REALTY ELITE

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Full

Main Floor

Kitchen

4.55 x 3.05

Br

3.05 x 2.97

Combined W/Sitting

Bathroom

3.38 x 1.04

Laundry

0.76 x 0.74


Features

Lot size: 1,464 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by YOUR HOME SOLD GUARANTEED REALTY ELITE, Brokerage
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Market Data - Stipeley

Geo Zone Map ThumbnailStipeley

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

32 days

Compared to

2025

43 days

2024

24 days

2023

10 days

New Listings

Past 30 days

18 listings

Compared to

2025

13 listings

2024

14 listings

2023

22 listings

Units sold

Past 30 days

5 units

Compared to

2025

7 units

2024

2 units

2023

6 units

Median Sold Price

Past 30 days

$495,000

Compared to

2025

$490,000

2024

$662,450

2023

$567,500


Population and Demographics

Overview

Total population 6276
Average household income $91,677

Age (%)

0 to 19
21%
20 to 34
26%
35 to 49
21%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
54%
Single person
37%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
87%
Spanish
2%
Italian
2%
Polish
2%
Portuguese
1%
French
1%
Vietnamese
1%
Arabic
1%
Others
1%

House tenancy (%)

Renters
51%
Owners
49%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget