For Sale: 29 Gertrude Street, Hamilton, ON - REW
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$495,000
4 bd • 2 ba • 1100 - 1500 sf • Duplex
29 Gertrude Street
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$495,000
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29 Gertrude StreetHamilton, ON, L8L 4B7

Industrial Sector
  • 4 Bed
  • 2 Bath
  • 1100 - 1500 Sqft
  • Duplex

About this home

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.
Listed by: Mina Bishay, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
$495,000
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Gross Taxes for 2025
$2,267
Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
2
Property Type
Duplex
Lot Size
22 ft x 122 ft (2754 ft²)
Depth
122.0
Frontage
22.58
Exterior Finish
Brick Front
Heating Type
Forced Air, Gas
Cooling
Central Air
Basement Details
Unfinished
Community
Agent details
Primary Agent
Mina Bishay
Primary Broker
EXP REALTY
Listing details
Days on REW
14 Days
MLS® Number
X13540144
Source
Toronto Real Estate Board
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Property Insights

Prince of Wales Elementary Public School
  • Public
  • JK - 8
Holy Name of Jesus Catholic School
  • Catholic
  • JK - 8
Holy Name of Jesus Catholic Elementary School
  • Catholic
  • JK - 8
St. Ann (Hamilton) Catholic Elementary School
  • Catholic
  • JK - 8
Queen Mary Public School
  • Public
  • JK - 8
Living Hope Christian School
  • Private
  • 9 - 12
Memorial (City) School
  • Public
  • JK - 8
Adelaide Hoodless Public School
  • Public
  • JK - 8
Cathy Wever Elementary Public School
  • Public
  • JK - 8
Delta School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Mina Bishay
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866-530-7737
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