99 Sanford Avenue N,Hamilton (Gibson), ON L8L5Z1
Hamilton (Gibson), ON L8L5Z1
Description
99 Sanford Avenue N, Hamilton is an Investment Property, duplex-plus-rooms property in Hamilton's west-end Landsdale neighborhood, offered at a 5.49% in-place cap rate with a clear, built-in path to higher income. The property generates $49,080 in gross annual rent and $37,638 NOI at an asking price of $685,000.Configured as a one-bedroom main-floor apartment and a four-room upper unit, the building runs on two hydro meters with front parking - a rentable amenity in this lower-city location. Four of the five occupied doors are month-to-month, giving an incoming owner immediate room to reset rents to market as tenancies turn, with no additional acquisition required. The stand-out upside is the basement: counted as a sixth door with its own separate side entrance, it is currently vacant and ready to be finished and leased as a private, self-contained unit - adding a brand-new income stream that isn't yet reflected in the in-place numbers. Between the month-to-month resets and the basement lease-up, a new owner has two distinct, low-risk levers to grow NOI from day one. Situated in an appreciating pocket close to transit, schools, and everyday amenities, 99 Sanford offers strong room-rental income today plus genuine value-add on top. Ideal for an investor building a Hamilton rental base or adding a room-rich, high-upside asset to an existing portfolio. - Duplex + rooms, Price: $685,000 - Gross annual rent: $49,080, Net operating income: $37,638, Cap rate: 5.49% (in-place) - Doors: 6 (5 occupied / 83%; basement vacant) Configuration: 1-bed main floor + 4-room upper unit + vacant side-entrance basement (6th door) -Metering / parking: Two hydro meters, front parking (id:13843)
Details
| MLS # | X13522706 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 114 |
| Listing Provided By | EXP REALTY | Mina Bishay |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Unknown |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 2 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2400 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Gibson) |
| Postal Code | L8L5Z1 |
| Listing VS Median (in L8L5Z1) | |
Price: $597,000 low | high Med: $597,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $398 low | high Med: $398 On site: 114 low | high Med: 114 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Gibson) |
| Postal Code | L8L5Z1 |
| Listing VS Median (in L8L5Z1) | |
Price: $597,000 low | high Med: $597,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $398 low | high Med: $398 On site: 114 low | high Med: 114 | |
