15 BARNESDALE Avenue N, Hamilton, Ontario, L8L6R4

Property Description

Looking for an income-generating property? Consider living in one portion while renting out the additional units to help offset your mortgage and maximize affordability. This turn-key opportunity in Hamilton’s thriving Stipley neighbourhood may be just what you're looking for!! This extensively renovated 2.5-storey detached brick property offers three self-contained living areas, each with a private entrance, full kitchen, bathroom, and in-suite laundry — ideal for strong rental income, multi-unit living, or house-hack potential. Units 1 & 3 can be combined for families, while the lower level can be rented. Over $250,000 in professional renovations completed in 2024/2025 provide peace of mind and reduced capital expenses for years to come. Major updates include new roof, fascia, soffits, eavestroughs, all windows, two fully renovated kitchens, 3.5 bathrooms, updated electrical and plumbing, new HVAC with owned furnace and central heat pump, rented tankless water heater, fresh interior and exterior paint, and a complete 2024 appliance package (3 fridges, 3 stoves, 3 dishwashers, 3 microwaves, 3 washers, 3dryers). Offering approximately 2,234 sq ft of finished living space, the property is thoughtfully configured for multi-unit use and provides excellent flexibility for investors seeking multiple revenue streams or a live-in investment. Four to Six-car tandem parking adds further tenant appeal, with additional street parking available. Strategically located in a high-demand rental area just steps from Ottawa Street's vibrant commercial corridor, and within walking distance to Gage Park, Tim Hortons Field, transit, schools, and amenities. Quick access to Highway 403,Red Hill Valley Parkway, and GO Transit ensures strong tenant demand and commuter convenience. A rare, fully renovated multi-unit style property delivering immediate income potential, long-term appreciation, and minimal maintenance in one of Hamilton’s rapidly growing investment corridors. (id:64974)

Quick Facts

• Property Type: Triplex (Freehold)
• Bedrooms: 5
• Bathrooms: 4
• Living Area: 2,234 sq ft (207.5 m²)
• Above Grade: 1,736 sq ft (161.3 m²)
• Below Grade: 498 sq ft (46.3 m²)
• Year Built: 1912
• Ownership: Freehold
• Attached: Yes
• Parking: 6.0 spaces
• Frontage: 25 ft (7.6 m)

Costs

• Annual Taxes: $3,089.88

Listing Provided by: Keller Williams Complete Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.