105 Cheever Street, Hamilton, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey duplex located in the coveted neighborhood of Industrial Sector. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $424,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 20 x 60 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this fully tenanted 2.5-storey semi-detached duplex in a convenient Hamilton location, offering excellent value at an accessible price point. With two self-contained units already in place, this property presents a strong opportunity for buyers looking to enter the investment market, offset future carrying costs, or secure a multi-unit property with built-in rental income. Unit 1 is located on the main floor, features 2 bedrooms, and is currently rented for $1,525 per month, with access from Burton Street as well as a convenient side entrance from the rear driveway. Unit 2 is accessed from Burton Street and spans the upper levels, offering its own laundry, second-floor living space, and a third-floor/attic area with 1 bedroom on the main upper level and 2 additional bedrooms above, currently rented for $1,799 per month. Together, the property generates a Net Operating Income of approximately $30,969 annually, making it a compelling option for buyers seeking affordability, income support, and long-term upside. The unfinished basement provides useful storage and future potential. Ideally located near Hamilton General Hospital, parks, the library, restaurants, transit, and everyday amenities, this property offers strong value in a central Hamilton neighbourhood.
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Key Features
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Property Details
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Features
Property Features
Hospital, Library, Public Transit, Rec./Commun.Centre, School
Interior Features
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 105 Cheever Street, Hamilton, ON L8L 5R8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $424,900 in Hamilton, the legal minimum down payment is $21,245 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,973 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,973.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.