LiveMLS X13540144Buy & hold

29 GERTRUDE STREET · Duplex

Hamilton, ON · Duplex · 2 units

$445,000listed

Workable offer

Hamilton market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

29 GERTRUDE STREET is a 2-unit duplex in Hamilton, ON, asking $445,000 — $222,500 per door.

That sits below the Hamilton band of $230k - $390k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. Hamilton cap rates screen 4.7% - 6.1% against average rent near $2,050 a door.

At 2 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Hamilton can still offer workable small-multifamily economics, especially where transit and rent lift align. Investor demand reads high, vacancy tight.

Asking price: $445,000
Units: 2 units
Property type: Duplex
Location: Hamilton, ON
Price per door: $222,500
Hamilton cap band: 4.7% - 6.1%
Hamilton average rent: $2,050

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.