$599,000 - 171 Rosslyn Avenue, Hamilton
Multi-Family for Sale in Hamilton
35 days on market- MLS Number
- X13106796
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 35
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- Keller Williams Edge Realty
Fully renovated Legal Duplex rebuilt top to bottom in 2023, offering fully separated units, independent mechanical systems, and excellent flexibility for investors or homeowners. Designed for low maintenance ownership and long-term peace of mind, the property features separate entrances, separate laundry, and separate hydro meters. Extensively updated in 2023 including electrical, plumbing, HVAC, updated windows, and new doors. The property features two separate furnaces (2023), two separate AC systems (2023), a new owned hot water tank, along with upgraded water service and sewer lines. HVAC systems were thoughtfully upgraded with dedicated drainage systems and spray foam insulated mechanical areas for improved efficiency and comfort. The main floor unit offers a spacious 1-bed layout with a bright 3-pc bathroom and access to a full unfinished basement for additional storage, laundry, and utility space. The upper unit spans the second and third floors with an open concept kitchen and living area, two well sized bedrooms, a 3-piece bathroom, in-suite laundry, and a large finished third floor providing flexible additional living space. A detached 400sf laneway garage offers excellent opportunity for potential future additional dwelling unit conversion, or flexibility for parking, storage, or a workshop. Located on a quiet street in the heart of Crown Point, walking distance to Ottawa Street, Centre on Barton, parks, transit, shopping, restaurants, and everyday amenities. Estimated rental income exceeds $4,000/mth, providing a fantastic opportunity for homeowners seeking mortgage support or investors looking for a turnkey cash flowing property.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
171 Rosslyn Avenue, Hamilton
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $399/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 35 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.