Room 1
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29 Gertrude St
Industrial Sector, Hamilton, Ontario L8L 4B7
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13540144
- Board
- TRREB MLS®
- Days on market
- Tax
- $2,267
- Size
- 1100-1500 sqft
- Lot
- 22.58 × 122 Feet
- Parking
- None, 2 Parking
Listing History
Listing activity for 29 Gertrude St, Hamilton, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $445,000 | N/A | Pc | X13540144 |
Property Details
Property
- Property Type
- Duplex
- Style
- 2-Storey
- Community
- Industrial Sector
- Municipality
- Hamilton
Inside
- Bedrooms
- 4
- Bathrooms
- 2
- Bathroom Detail
- 2, 3pc
- Basement Type
- Unfinished
- Kitchens
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 1100-1500 sqft
- Construction
- Brick Front
Parking
- Garage Type
- None
- Add. Parking
- 2
- Total Parking
- 2
Land
- Sewer
- Sewers
- Lot Size
- 22.58 × 122 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
13 records read 7 on record nearby 6 checked, none on recordRead 2026-11-04
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m9 test or monitoring holes also recorded.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
Province of Ontario open data
Around the home
- Nearest rail line: 30 m
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 140 m away. Routes and stops change; check the agency’s schedule.
- A trail on the Ontario trail network within 1 km
Province of Ontario open data · Municipal transit open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- 7 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Air Liquide Canada Inc. — Air Liquide Canada - Hamilton (ASU and H2), 440 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Alectra Utilities Corporation
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Dotto One, Rogers. Cable: Cogeco Connexion, Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains public sector Data made available under the City of Hamilton's Open Data Licence
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,040
- Down payment$89,000
- Mortgage amount$356,000
- Total interest$256,000
- Total cost$701,000
Cash flow analysis
$2,040
Total monthly payment
$2,229
Break-even down payment
100%
Cash flow-$2,229
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$445,000
$445,000
CAD
Estimate unavailable
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