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29 Gertrude Street

Industrial Sector, Hamilton, L8L 4B7

$445,000

Reduced $50,000 from $495,000

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  • 4 bedrooms
  • 2 bathrooms
  • 2 parking
  • 1100-1500 sq ft

Listed 104 days ago · MLS® X13540144

About this home

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.

Details

Type
Duplex
Style
2-Storey
Size
1100-1500 sq ft
Lot
22.58 × 122 ft
Basement
Unfinished
Garage
None
Kitchens
2
Property tax
$2,267 (2025)
Neighbourhood
Industrial Sector
Municipality
Hamilton

Interior

Bedrooms
4 above ground
Bathrooms
2 × 3-piece
Rooms
10 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick Front
Roof
Asphalt Shingle
Faces
North

Parking

Total parking
2

Lot

Size
22.58 × 122 ft

More

Possession
Available
Cross street
Gertrude St & Gage Ave N

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 West Harbour GO3.6 km

Within a 10-minute walk: 1 grocery store, 7 cafés and restaurants, 3 parks, 2 pharmacies. Nearest grocery: FreshCo (600 m). Nearest park: Dofasco Property Park (600 m).

Schools nearby

Elementary

  • Prince of Wales Elementary Public School
    EQAO: Gr 6 reading 79%, math 49%    17 min walk
  • Holy Name of Jesus Catholic Elementary School Catholic
    EQAO: Gr 6 reading 86%, math 31%    17 min walk
  • St. Ann Catholic Elementary School Catholic
    EQAO: Gr 6 reading 88%, math 52%    18 min walk
  • Queen Mary Public School
    EQAO: Gr 6 reading 82%, math 33%    1.7 km

Secondary

  • Bernie Custis Secondary School
    EQAO: Gr 9 math 36%, literacy test 65%    1.2 km
  • St. Charles Adult & Continuing Education Centre - Downtown East Campus Catholic1.9 km
  • Cathedral High School Catholic
    EQAO: Gr 9 math 43%, literacy test 64%    2.1 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L8L

Owners / renters
52% / 48%
Median household income
$65,000
Average age
38
Children under 15
17%
Homes
50% detached, 11% high-rise
Commute by transit
14%
Population
32,312

Languages spoken most at home besides English: Portuguese 2.7%, Arabic 1.5%, Vietnamese 1.4%, Spanish 1.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Hamilton police: 62 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Hamilton: 4 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Grimsby Subdivision)300 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence, with a City business licence (since December 2023).

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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