50 Somerset Avenue, Hamilton

$549,900
50 Somerset Avenue

$549,900

New
21d
Detached2 1/2 Storey

50 Somerset Avenue, Hamilton

Total Monthly Obligation $2,875

HausQ Valuation Report
Beds
4
Baths
3
Park
2
Sqft
1100-1500
DOM
21d
Score
21
Yield
5.6%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-X13853452
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-24.4 × 60 ft
Listed on site-Oct 2, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$3,379.19 (2026)
Parking-2 - None
Basement-Finished, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-YOUR HOME SOLD GUARANTEED REALTY ELITE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Stipley
Title-Residential Freehold

No agent assigned

FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$2,875/mo
Mortgage $2,218
Monthly Loss $2,291
Principal$584
Interest$1,634
Property Tax$282
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.8%2
5-Year IRR
11.1%43
10-Year IRR
11.5%
Returns Index
22.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,720/yr
NOI
$19,769/yr
Net Cash Flow
-$571/mo
Cash Margin
-22.3%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
28.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 50 Somerset Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.