216 Walter Avenue S Hamilton, Ontario L8K 3L4
$649,900
Fully Vacant Triplex-Style Investment with Projected $72K Income + 40×20 Shop. Originally built as a legal duplex and currently configured with three self-contained units (non-legal third unit), this fully vacant property allows buyers to set market rents from day one. Main floor features a bright 2-bedroom, 1-bath unit. Second floor offers an updated 1-bedroom, 1-bath unit with 2020 kitchen. Lower level includes a bachelor-style suite with egress windows (2020) with easy potential to create a separate bedroom. Extensive updates provide peace of mind: all new flooring (2026), freshly painted throughout (2026), furnace (2025), electrical updated (2019), 2nd floor & lower kitchen (2020) and exterior painted (2023). Situated on a fully fenced corner lot with triple-wide driveway, the standout 40x20 detached shop has its own driveway and entrance; ideal for workshop, home-based business, garage with loft potential, or possible future ADU conversion. Flexible layout supports multi-generational living, strong investment returns, or potential reconfiguration to single-family use. Close to schools, parks, transit with direct bus access to McMaster University, and quick highway access and walk to shopping. Income potential. Flexibility. Future upside. (id:49269)
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Property Details
| MLS® Number | 40809812 |
| Property Type | Multi-family |
| AmenitiesNearBy | Golf Nearby, Hospital, Place Of Worship, Public Transit, Shopping |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| Features | Automatic Garage Door Opener, Private Yard |
| ParkingSpaceTotal | 8 |
| RentalEquipmentType | Water Heater |
| Structure | Workshop |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 3 |
| Appliances | Garage Door Opener |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1961 |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Stone, Vinyl Siding |
| FoundationType | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 2688 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Golf Nearby, Hospital, Place Of Worship, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 97 Ft |
| SizeFrontage | 40 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C |
https://www.realtor.ca/real-estate/29431892/216-walter-avenue-s-hamilton
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March 06 2026 12:29:51
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Golfi Realty Inc.