$879,900Asking Price
216 Margaret Avenue, Hamilton, ON L8E 2H8
Stoney Creek, Hamilton
Income-Generating All-Brick Backsplit on Deep Lot 216 Margaret Ave, Stoney Creek.Welcome to 216 Margaret Avenue a spacious and solidly built backsplit offering 1980 sq ft of fully finished living space plus basement in a quiet, family-friendly neighbourhood of Stoney Creek. Whether youre an investor, multi-generational family, or first-time buyer, this home offers exceptional versatility and income potential. The main (upper) level features 3 spacious bedrooms, 1 full bathroom, a bright living area, full kitchen/dining, and separate laundry. Currently rented at $2,400/month, this unit provides steady income. The tenant is flexible and may stay or vacate, depending on the buyers preference. The lower level features a self-contained walk-out basement with its own full kitchen, bathroom, laundry, and private entrance Set on a 205-foot deep lot. Previously rented at $2,000/month, its ideal as a mortgage helper, in-law suite.
Income-Generating All-Brick Backsplit on Deep Lot 216 Margaret Ave, Stoney Creek.Welcome to 216 Margaret Avenue a spacious and solidly built backsplit offering 1980 sq ft of fully finished living space plus basement in a quiet, family-friendly neighbourhood of Stoney Creek. Whether youre an investor, multi-generational family, or first-time buyer, this home offers exceptional versatility and income potential. The main (upper) level features 3 spacious bedrooms, 1 full bathroom, a bright living area, full kitchen/dining, and separate laundry. Currently rented at $2,400/month, this unit provides steady income. The tenant is flexible and may stay or vacate, depending on the buyers preference. The lower level features a self-contained walk-out basement with its own full kitchen, bathroom, laundry, and private entrance Set on a 205-foot deep lot. Previously rented at $2,000/month, its ideal as a mortgage helper, in-law suite.
See MoreKey Info
- Backsplit Detached
- 6-Car Driveway
- 1-Car Attached Garage
- Red Oak Ave & Margaret Ave
- 1500-2000 Approximate Sq Feet
- 31-50 Years Approximate Age
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 50 x 205 Feet
- Brick Exterior
- Taxes were $5,041 in 2024
- Possession: 60 Days
Details
- Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X12271786
- ROYAL LEPAGE CERTIFIED REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 18.73' x 11.42' | |
| 2 | Kitchen | Lower | 13.75' x 13.58' | |
 | 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
Who lives here?
Stoney Creek, Hamilton is a west GTA neighbourhood notable for its business professionals and tradespeople. It has a higher than average population of immigrants, and Italian speakers. Residents tend to be older with a significant number of adults aged 50 to 64 and seniors aged 65 to 74.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Singles
43%
of residents are
single and loving it.
43% singles
Hamilton (46%)Renters
23%
of residents
are renters.
23% renters
Hamilton (32%)Education
23%
of residents are
university grads.
23% university grads
Hamilton (28%)Income
Average Household Income
$107K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 14% |
| Trades | 11% |
| Business | 9% |
| Government | 6% |
| Management | 5% |
Immigrants
30%
of residents were
born outside of Canada.
30% immigrants
Hamilton (25%)Birthplace - All
4.9% from Italy
All-time
Birthplace - Recent
0.6% from India
Recent
Foreign Languages
Foreign Languages
| Italian | 7% |
| Croatian | 4% |
| Serbian | 4% |
| Punjabi | 3% |
| Polish | 2% |
Religions
Religions
| Christian | 74% |
| Sikh | 4% |
| Muslim | 4% |
| Hindu | 1% |
| Buddhist | 1% |
