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29 Gertrude Street in Hamilton for sale

Asking price
$445,000
Estimate (Jul 08)
$493,506
MLS #:
X13540144
Type:
Duplex, 2-Storey
Approx. SQFT:
1100-1500
Basement:
Unfinished
4 4
22.58 x 122 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Ter N/A N/A N/A
29 Gertrude Street is an investment property within a portfolio. A legal duplex in Hamilton's lower city, offering current income with a clear value-add path. The property is currently generating a 5.44% cap rate with $26,918 in current NOI and 67% occupancy, with 2 of 3 doors currently occupied. One of the three units is month-to-month, creating an opportunity to reset rents to market on turnover and increase income. The property is configured with a 2-bedroom main-floor unit and a 3-room upstairs unit. Separate hydro metering is already in place, with tenants paying their own hydro, helping keep the owner's operating costs low and allowing added rent to flow more directly to NOI. The basement is currently unfinished and vacant, representing the immediate value-add opportunity. A future owner may be able to finish the basement and create a third rentable door, adding a new income stream on top of the in-place NOI without changing the building's footprint, subject to buyer due diligence and any required approvals. The upstairs unit is currently month-to-month and can be brought closer to market rent on turnover, while the vacant basement provides additional rental upside through build-out. With legal-duplex designation, separate hydro metering, current NOI, rent-reset potential, and a clear basement expansion opportunity, 29 Gertrude Street is well positioned for an investor seeking both immediate income and long-term appreciation in a tenant-dense Hamilton lower-city pocket.

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  • Date Listed: Tuesday, July 07, 2026
  • Listing Brokerage: Exp Realty - Disclaimer: The information contained in this listing has not been verified by Exp Realty and should be verified by the buyer.
  • City: Hamilton

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  • Neighbourhood: Industrial Sector
  • Major Intersection: Gertrude St & Gage Ave N
  • Full Address: 29 Gertrude Street, Hamilton, L8L 4B7, Canada, ON, Canada
  • Amenities:
  • Taxes: $2,267.00 (2025)

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