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29 Gertrude Street
Industrial Sector Hamilton L8L 4B7

$495,000
Residential Freehold beds: 4 baths: 2.0

Main Photo: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
Photo 1: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
Photo 2: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
Photo 3: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
Photo 4: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
Photo 5: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
Photo 6: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
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Photo 17: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
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Photo 21: 29 Gertrude Street in Hamilton: Industrial Sector House for sale : MLS®# X13540144
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
X13540144
Bedrooms:
4
Bathrooms:
2
29 Gertrude Street is an investment property within a portfolio. A legal duplex in Hamilton's lower city, offering current income with a clear value-add path. The property is currently generating a 5.44% cap rate with $26,918 in current NOI and 67% occupancy, with 2 of 3 doors currently occupied. One of the three units is month-to-month, creating an opportunity to reset rents to market on turnover and increase income. The property is configured with a 2-bedroom main-floor unit and a 3-room upstairs unit. Separate hydro metering is already in place, with tenants paying their own hydro, helping keep the owner's operating costs low and allowing added rent to flow more directly to NOI. The basement is currently unfinished and vacant, representing the immediate value-add opportunity. A future owner may be able to finish the basement and create a third rentable door, adding a new income stream on top of the in-place NOI without changing the building's footprint, subject to buyer due diligence and any required approvals. The upstairs unit is currently month-to-month and can be brought closer to market rent on turnover, while the vacant basement provides additional rental upside through build-out. With legal-duplex designation, separate hydro metering, current NOI, rent-reset potential, and a clear basement expansion opportunity, 29 Gertrude Street is well positioned for an investor seeking both immediate income and long-term appreciation in a tenant-dense Hamilton lower-city pocket.
Property Type:
Residential Freehold
Property Sub Type:
Duplex
Home Style:
2-Storey
Total Approx Floor Area:
1100-1500
Lot Depth:
122'
Lot Frontage:
22'7"
Direction Faces:
North
Bedrooms:
4
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Bedrooms Above Grade:
4
Kitchens Above Grade:
2
Rooms Above Grade:
10
Fractional Ownership:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Unknown
Roof:
Asphalt Shingle
Basement:
Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
2
Total Parking Spaces:
2.0
Family Room:
No
Possession Details:
Available
Pool:
None
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2026
Taxes:
$2,267 / 2025
Assessment:
$- / 2026
Hamilton
Hamilton
Industrial Sector
None
Brick Front
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Jul 08, 2026
Original Price:
Previous Price:
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Listed by EXP REALTY
Data was last updated July 15, 2026 at 06:15 PM (UTC)
Area Statistics
Listings on market:
58
Avg list price:
$749,000
Min list price:
$370,000
Max list price:
$1,296,999
Avg days on market:
42
Min days on market:
2
Max days on market:
313
These statistics are generated based on the current listing's property type and located in Hamilton. Average values are derived using median calculations. This data is not produced by the MLS® system.
ANDREW JOHN COCKS
LAURA BLAKEY
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