40 Clarendon Avenue
Balfour / Hamilton, ON L9A 3A1
About This Property
Legal duplex on the Hamilton Mountain, converted under permit with all permits closed. 40 Clarendon Avenue is a detached, solid-brick bungalow in Balfour, just off Upper James and Fennell, configured as two self-contained units with separate entrances, separate kitchens, in-suite laundry and separate hydro meters. The main-floor unit has three bedrooms, a four-piece bathroom, a generous size living room and an updated modern kitchen with quartz countertops. It is vacant, which gives a buyer two clean options: move in, or choose a tenant and set rent at today's market rate. The lower unit has two large bedrooms plus an additional flex space, a brand-new kitchen, a brand-new three-piece bathroom and its own entrance. It is currently rented at $2,050 per month. The work behind the walls matters as much as the finishes. Electrical has been updated, each unit is metered separately for hydro, and the conversion documentation is available to serious buyers. Gas heating and central air serve the home. The lot carries a double-wide asphalt driveway with parking for four vehicles, a practical detail for a two-unit property. Public transit, parks, schools and hospital services are close by, and Upper James puts groceries, restaurants and the LINC within a short drive. For an investor, this is a turnkey two-unit property with one rent in place and one unit ready to lease. For an owner-occupier, the lower unit's rent offsets the monthly carrying cost. Freehold, with flexible possession.
Property Details
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Features & Amenities
- View
- Air Conditioning
- Basement
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TRREB MLS® Attribution
MLS® X13814790
Listed by ROCK STAR REAL ESTATE INC.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$3,662
/month · $599,920 mortgage
Amortization
Total Interest
$498,638
Total Cost
$1,098,558
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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