63 Melrose Avenue S
Hamilton (Stipley), ON L8M 2Y4
- 6Bedrooms
- 4Bathrooms
- 3Parking
- 2500–3000Sq Ft
- $4,765Tax
- 40×120 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 63 Melrose Avenue S, Hamilton, Stipley
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 63 Melrose Avenue S, Hamilton, Stipley
Summarized Description
- Vacant, updated multi-unit property ready for new owner.
- Two spacious, move-in-ready units available.
- Potential to create a third unit for added income.
- Located in a central Hamilton neighbourhood.
- Strong income potential for investors and owner-occupiers.
- Close to transit, schools, and shopping amenities.
- Turnkey property with flexible rental options.
- Opportunity to offset mortgage with rental income.
An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,765
- Land Transfer Tax Fee
- $9,473
Rental Items
- Rental Equipment
- Hot Water Heater
- Basement Type
- Full, Partially Finished
Interior Features
- Laundry Level
- Main Level
- Interior Extras
- Water Heater
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Exterior Extras
- Porch
- Pool
- None
- Property Features
- Park, Public Transit, School
Building
- Building Type
- Multiplex
- Building Style
- 2 1/2 Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick, Other
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 40.00 ft
- Lot Depth
- 120.00 ft
Inclusions
- Inclusions
- 2 refrigerators, 2 Stoves, dishwasher, washer and dryer
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 1
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 6
- Washrooms
- 4
- Kitchens
- 2
Room sizes
- Bedroom 3—Third level
- Bedroom—Second level
- Living Room—Ground level
- Kitchen—Second level
- Bedroom 2—Third level
- Bedroom—Ground level
- Bedroom 3—Basement level
- Dining Room—Ground level
- Dining Room—Second level
- Living Room—Second level
- Recreation—Basement level
- Bedroom 2—Basement level
- Kitchen—Ground level
Washrooms
- 4-piece, Ground
- 4-piece, Second
- 4-piece, Third
- 4-piece, Basement
- Municipality
- Hamilton
- Neighbourhood
- Stipley
- Main cross streets
- Melrose and Dunsmure Road
- Zoning
- C
- Directions
- Melrose and Dunsmure Road
- MLS® number
- X13769078
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-09-10
- Updated on
- 2026-09-16
- Days on market
- 47 days
- Possession type
- Immediate
- Co-op commission
- 2% plus HST
- Seller
- Listed by
- RE/MAX ESCARPMENT REALTY INC.
Home Market Value
Current home valuation for 63 Melrose Avenue S, Hamilton, Stipley, Hamilton, ON. Listed for $649,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 63 Melrose Avenue S, 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 $149,900 over $500K
$39,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $24,384 | $18,132 | $15,468 | $0 |
=Total mortgage | $633,990 | $603,042 | $567,883 | $519,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,095monthly | $2,944monthly | $2,773monthly | $2,539monthly |
Land Transfer Tax
$9,473
$9,473
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
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