29 Gertrude Street, Hamilton, ON L8L 4B7
Hamilton
This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty.29 Gertrude Street is 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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 29 Gertrude Street, Hamilton, ON L8L 4B7
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MLS# X13540144
Listed by EXP REALTY
On market since Jul 8, 2026
29 Gertrude Street, Hamilton, ON L8L 4B7 is listed for $495,000 CAD.
29 Gertrude Street, Hamilton, ON L8L 4B7 has 4 bedrooms and 2 bathrooms.
29 Gertrude Street, Hamilton, ON L8L 4B7 is a Duplex.
29 Gertrude Street, Hamilton, ON L8L 4B7 is in Hamilton, Ontario.
29 Gertrude Street, Hamilton, ON L8L 4B7 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 29 Gertrude Street, Hamilton, ON L8L 4B7 (MLS# X13540144). You can also send a message through the contact form on this site.
