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$725,000Asking Price

56 Erie Avenue, Hamilton, ON L8N 2W6

Stinson, Hamilton

Triplex
5
Bedrooms
3
Baths
0
Parking
Days on Market

Income-Generating Legal Duplex in the Heart of Hamilton! An incredible investment opportunity awaits in the core of Hamilton! This well-maintained 3-unit property offers attractive rental income with Unit 3 becoming vacant on May 1stperfect for an investor or a savvy buyer looking to live in one unit while renting out the others. Current Rents (All Inclusive of Utilities): Unit 1 $1,890/month [2-bed, 1-bath]; Unit 2 $1,895/month (In-Suite Laundry! + 2 Storey Unit with 2-bedrooms AND 2 BATHROOMS IN UNIT); Unit 3 $1,340/month [Bachelor + 1 Bed] (Vacant May 1st!) Additional income is generated through coin-operated laundry for Units 1 and 3. Street Parking is available for Tenants. You'll love this TURNKEY Investment Strong rental history with market rents. Dont miss outschedule a viewing today!

Income-Generating Legal Duplex in the Heart of Hamilton! An incredible investment opportunity awaits in the core of Hamilton! This well-maintained 3-unit property offers attractive rental income with Unit 3 becoming vacant on May 1stperfect for an investor or a savvy buyer looking to live in one unit while renting out the others. Current Rents (All Inclusive of Utilities): Unit 1 $1,890/month [2-bed, 1-bath]; Unit 2 $1,895/month (In-Suite Laundry! + 2 Storey Unit with 2-bedrooms AND 2 BATHROOMS IN UNIT); Unit 3 $1,340/month [Bachelor + 1 Bed] (Vacant May 1st!) Additional income is generated through coin-operated laundry for Units 1 and 3. Street Parking is available for Tenants. You'll love this TURNKEY Investment Strong rental history with market rents. Dont miss outschedule a viewing today!

  OPEN HOUSE

Key Info

  • 3-Storey Triplex
  • No Parking
  • No Garage
  • Erie & Main St E
  • 2000-2500 Approximate Sq Feet
  • No Ensuite Laundry
  • Forced Air Electric Heating
  • No A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $5,097 in 2024
  • Possession: Flexible

Details

  • Brick Exterior
  • No Fireplace
  • 3 Kitchens
  •  
  • MLS #X12021311
  • EXP REALTY

Extras

Room Floor Dimensions Details
Washroom3 3-Piece Bathrooms

Who lives here?

Stinson, Hamilton is a west GTA neighbourhood notable for its singles, renters, business professionals, salespeople, tradespeople and manufacturing workers. Residents tend to be younger with a significant number of adults aged 25 to 49, 25 to 49 and 25 to 49.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Hamilton  (1.2)

Singles

64% of residents are
single and loving it.

64% singles

Hamilton (46%)

Renters

71% of residents
are renters.

71% renters

Hamilton (32%)

Education

26% of residents are
university grads.

26% university grads

Hamilton (28%)

Income

Average Household Income

$62K

is the average household
income in the neighbourhood.

Hamilton  ($106K)

Professions

Professions
Sales 17%
Trades 10%
Business 9%
Government 7%
Manufacturing 6%

Immigrants

23% of residents were
born outside of Canada.

23% immigrants

Hamilton (25%)

Birthplace - All

Philippines was once home to 4.9% of immigrants.
Syria 2.6%
Caribbean 2.1%
Jamaica 1.4%
Poland 1.3%

4.9% from Philippines
All-time

Birthplace - Recent

Philippines was once home to 1.7% of immigrants.
Syria 0.4%
Somalia 0.3%
Central Africa 0.2%
Other Eastern Africa 0.1%

1.7% from Philippines
Recent

Foreign Languages

Foreign Languages
French 3%
Tagalog 3%
Spanish 2%
Arabic 1%
Portuguese 1%

Religions

Religions
Christian 57%
Muslim 3%