216 WALTER Avenue S, Hamilton, Ontario, L8K3L4

Property Description

Fully Vacant Triplex-Style Investment with Projected $72K Income + 40×20 Shop. Originally built as a legal duplex and currently configured with three self-contained units (non-legal third unit), this fully vacant property allows buyers to set market rents from day one. Main floor features a bright 2-bedroom, 1-bath unit. Second floor offers an updated 1-bedroom, 1-bath unit with 2020 kitchen. Lower level includes a bachelor-style suite with egress windows (2020) with easy potential to create a separate bedroom. Extensive updates provide peace of mind: all new flooring (2026), freshly painted throughout (2026), furnace (2025), electrical updated (2019), 2nd floor & lower kitchen (2020) and exterior painted (2023). Situated on a fully fenced corner lot with triple-wide driveway, the standout 40x20 detached shop has its own driveway and entrance; ideal for workshop, home-based business, garage with loft potential, or possible future ADU conversion. Flexible layout supports multi-generational living, strong investment returns, or potential reconfiguration to single-family use. Close to schools, parks, transit with direct bus access to McMaster University, and quick highway access and walk to shopping. Income potential. Flexibility. Future upside. (id:64974)

Quick Facts

• Property Type: Duplex (Freehold)
• Bedrooms: 3
• Bathrooms: 3
• Living Area: 2,688 sq ft (249.7 m²)
• Above Grade: 1,826 sq ft (169.6 m²)
• Below Grade: 862 sq ft (80.1 m²)
• Year Built: 1961
• Ownership: Freehold
• Attached: Yes
• Parking: 8 spaces (Detached Garage)
• Frontage: 40 ft (12.2 m)

Costs

• Annual Taxes: $5,060.00

Listing Provided by: RE/MAX Escarpment Golfi Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.