For Sale: 499 East 16th Street, Hamilton, ON - REW
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$725,000
5 bd • 2 ba • 1128 sf • House
499 East 16th Street
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$725,000
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499 East 16th StreetHamilton, ON, L9A 4K9

Hill Park
  • 5 Bed
  • 2 Bath
  • 1128 Sqft
  • House

About this home

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!
Listed by: Nyle Brown, Keller Williams Complete Realty Brokerage

Home facts and features

Price details
List Price
$725,000
Get Pre-Approved
Gross Taxes for 2026
$5,559
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
3
Property Type
House
Lot Size
50 ft x 95 ft (4842 ft²)
Depth
95.87
Frontage
50.5
Year Built
Built in 1955 (71 yrs old)
Style
Bungalow Raised
Heating Type
Baseboard,Gas Hot Water,Radiator
Cooling
Ductless
Basement Details
Full,Finished
Features
In-law Capability, In-law Floorplan, Separate Hydro Meters
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Primary Broker
Keller Williams Complete Realty Brokerage
Listing details
Days on REW
1 Day
MLS® Number
40867137
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Our Lady of Lourdes Catholic Elementary School
  • Catholic
  • JK - 8
St. Michael Catholic Elementary School
  • Catholic
  • JK - 8
Pauline Johnson Public School
  • Public
  • JK - 8
Timothy Canadian Reformed School
  • Private
  • K - 8
Norwood Park Elementary School
  • Public
  • JK - 8
Franklin Junior Public School
  • Public
  • JK - 8
Ridgemount Junior Public School
  • Public
  • JK - 8
Sts. Peter and Paul Catholic Elementary School
  • Catholic
  • JK - 8
Mountain Secondary School
  • Public
  • 9 - 12
George L Armstrong Public School
  • Public
  • JK - 8
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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Call Agent
Nyle Brown
Phone:
(289) 880-8822
Cell:
(289) 880-8822
Office:
905-308-8333
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