499 East 16th Street Hamilton, ON L9A 4K9
5 Beds
2 Baths
1,128 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,128 sqft
Price per Sqft $642
MLS Listing ID 40867137
Style Bungalow Raised
Bedrooms 5
Full Baths 2
Abv Grd Liv Area 1,788
Year Built 1955
Annual Tax Amount $5,559
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Detached
Source Cornerstone
Property Description
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.
Location
Province ON
County Hamilton
Area 17 - Hamilton Mountain
Zoning C
Direction Upper Wentworth to Mohawk to East 16th
Rooms
Basement Full, Finished
Main Level Bedrooms 3
Kitchen 2
Interior
Interior Features In-law Capability, In-Law Floorplan, Separate Hydro Meters
Heating Baseboard, Gas Hot Water, Radiator
Cooling Ductless
Fireplace No
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Exterior
Roof Type Asphalt Shing
Lot Frontage 50.58
Lot Depth 95.87
Garage No
Building
Lot Description Urban, Airport, Highway Access, Major Highway, Park, Public Transit, Rec./Community Centre, Regional Mall, School Bus Route, Schools
Faces Upper Wentworth to Mohawk to East 16th
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Bungalow Raised
Level or Stories 1
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 170170100
Ownership Freehold/None
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