50 Somerset Avenue
Hamilton (Stipley), ON L8L 2L5
- 3+1Bedrooms
- 3Bathrooms
- 0Garage
- 1100–1500Sq Ft
- $3,379Tax
- 24×60 ftLot Size
Estimated Value:$506,794See Free Estimate Report
Sale & Price History for 50 Somerset Avenue, Hamilton, Stipley
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 50 Somerset Avenue, Hamilton, Stipley
Summarized Description
- Fully vacant legal duplex with three units.
- Strong income potential from day one.
- Recent capital improvements reduce immediate costs.
- Flexibility to select own tenants.
- Convenient location near public transit.
- Close to grocery stores and restaurants.
- Appealing opportunity for investors.
FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,379
- Land Transfer Tax Fee
- $7,473
- Basement Type
- Finished, Full, Separate Entrance
Interior Features
- Interior Extras
- Water Heater Owned
- Security Features
- Carbon Monoxide Detectors
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Exterior Extras
- Porch, Deck
- Pool
- None
- Property Features
- Hospital, Public Transit, School
Building
- Building Type
- Detached
- Building Style
- 2 1/2 Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 24.40 ft
- Lot Depth
- 60.00 ft
- Lot Shape
- Rectangular
Inclusions
- Inclusions
- MAIN FLOOR - Fridge, Stove, Dishwasher, Built-In-Microwave, Washer & Dryer. 2ND FLOOR - Fridge, Stove, Dishwasher, Built-In-Microwave, Washer & Dryer. LOWER LEVEL - Fridge, Stove, Built-In-Microwave, Washer/Dryer Combo Unit. Hot Water Heater.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 2
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 1
- Washrooms
- 3
- Kitchens
- 3
Room sizes
- Bedroom—Lower level
- Living Room—Second level
- Kitchen—Main level
- Bedroom—Second level
- Kitchen—Lower level
- Laundry—Main level
- Bedroom—Third level
- Living Room—Lower level
- Bathroom—Second level
- Bathroom—Lower level
- Bedroom—Main level, Combined w/Sitting
- Kitchen—Second level
- Bathroom—Main level
- Utility Room—Lower level
Washrooms
- 3-piece, Main
- 4-piece, Second
- 3-piece, Lower
- Municipality
- Hamilton
- Neighbourhood
- Stipley
- Main cross streets
- Cannon & Barnside
- Zoning
- C
- Directions
- QEW, South on Red Hill Pkwy, West on Question Road, Continue West on Main Street E, North West on King Street E, North on Barnesdale Ave N, West on Somerset Ave
- MLS® number
- X13853452
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-10-02
- Updated on
- 2026-10-06
- Days on market
- 16 days
- Possession type
- Flexible
- Co-op commission
- $1.00
- Seller
- Listed by
- YOUR HOME SOLD GUARANTEED REALTY ELITE
Home Market Value
Current home valuation for 50 Somerset Avenue, Hamilton, Stipley, Hamilton, ON. Listed for $549,900
HOMEH Estimate
$506,794
Estimated Sales Range
$304,076 - $709,512
HOMEH Estimate for 50 Somerset Avenue, Hamilton, Stipley
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $49,900 over $500K
$29,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $20,786 | $15,342 | $13,088 | $0 |
=Total mortgage | $540,441 | $510,252 | $480,503 | $439,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,639monthly | $2,491monthly | $2,346monthly | $2,148monthly |
Land Transfer Tax
$7,473
$7,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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