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:61015)
Property Details
| MLS® Number | 40809812 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Place Of Worship, Public Transit, Shopping |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Features | Automatic Garage Door Opener, Private Yard |
| Parking Space Total | 8 |
| Rental Equipment Type | Water Heater |
| Structure | Workshop |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Appliances | Garage Door Opener |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1961 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stone, Vinyl Siding |
| Foundation Type | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2,688 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Place Of Worship, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 97 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C |
https://www.realtor.ca/real-estate/29431892/216-walter-avenue-s-hamilton
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March 12 2026 04:00:17
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Golfi Realty Inc.