550 James Street, Hamilton, ON

Description

Your dream duplex awaits-a home that can help pay for itself. Ideally located in Hamilton's desirable North End, just steps from Bayfront Park, West Harbour GO, and trendy James Street North restaurants, cafés and galleries. Whether you're an investor, owner-occupier seeking rental income, a multi-generational family, or someone looking to explore future development opportunities, this property checks all the boxes. Thoughtfully renovated from top to bottom, this legal duplex is currently generating $4700/mth in gross rental income. The main floor unit was previously operated as a successful short-term rental/Air B&B. It offers two spacious bedrooms, abundant storage, updated laundry facilities, an entertainer's kitchen, a cozy living room with a fireplace, and a stunning spa-inspired bathroom. Outside, you'll find an expansive backyard complete with a large deck and newer hot tub, all meticulously maintained. The upper unit features three bedrooms and, including a primary bedroom with oversized built-in closet organizers, a generous living room with a gas fireplace and custom built-ins, an updated eat-in kitchen with access to a charming balcony, and a bright open-concept attic loft ideal for a bedroom, home office, studio or cozy sitting area. The highand-dry basement is the perfect space for a home gym, studio, recreation room or additional living space and benefits from having a separate entrance. Parking will never be an issue for your tenants and guests with ample free street parking on both sides of the street as well as the adjacent side streets. Updates: 2021- main floor custom closets, nest thermostat, new roof, new shed roof, new skylights, 2nd floor engineered hardwood, locking back gate, gas fireplace upper unit, electric fireplace lower unit living room. 2022- new sliding doors upper balcony/lower living room, fire alarm system. 2023- keyless front door lock, 2024-basement partially finished. 2026-lower unit engineered hardwood.