For Sale: 499 East 16th Street, Hamilton, ON - REW
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$699,971
5 bd • 2 ba • 1128 sf • Duplex
499 East 16th Street
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$699,971
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499 East 16th StreetHamilton, ON, L9A 4K9

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

About this home

Investors and owner-occupiers, take note! This fully legal duplex offers an incredible opportunity to build equity while generating rental income — whether you're looking to expand your portfolio or live in one unit and rent out the other for an additional source of income. This property features two updated, self-contained units: a spacious 3-bedroom main-floor unit and a well-appointed 2-bedroom basement unit. Both units feature stainless steel appliances and offer comfortable, modern living spaces that are attractive to today's tenants. With separate hydro meters, tenants can be responsible for their own electricity usage. The basement unit also offers the added bonus of no rent control, providing greater flexibility for future rental income. The property is being offered vacant, giving the new owner the flexibility to set their own rents from day one. For an owner-occupier, this creates an especially attractive opportunity: live in one unit while renting the other, generating rental income that can help offset your monthly mortgage payment and make home ownership more affordable. For investors, the property's layout provides the potential for healthy monthly cash flow, while its location helps attract a large and diverse tenant pool. Situated in a mature and established neighbourhood, this property is conveniently located close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways. With quick and easy highway access, getting around the city is a breeze — making this a highly convenient location for both homeowners and tenants. Whether you're looking to house-hack your way into home ownership, reduce your monthly carrying costs, or add a strong income-producing property to your portfolio, this fully legal duplex offers flexibility, rental income potential, updated units, and an incredible location all in one package.
Listed by: Nyle Brown, Keller Williams Complete Realty Brokerage

Home facts and features

Price details
List Price
$699,971
Get Pre-Approved
Gross Taxes for 2026
$5,559
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
3
Property Type
Duplex
Lot Size
50 ft x 95 ft (4842 ft²)
Depth
95.87
Frontage
50.5
Year Built
Built in 1955 (71 yrs old)
Heating Type
Baseboard
Cooling
Ductless
Basement Details
Full,Finished
Features
In-suite, Separate Hydro Meters
Appliances
Microwave
Community
Agent details
Primary Agent
Primary Broker
Keller Williams Complete Realty Brokerage
Listing details
Days on REW
47 Days
Property Views
15
MLS® Number
40867445
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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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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