$719,900 - 42 Sharon Avenue, Hamilton
Multi-Family for Sale in Hamilton
73 days on market- MLS Number
- X12957166
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 73
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to this exceptional fully legal duplex located in the highly sought-after Sunning Hill neighborhood, perfectly positioned on the Mountain Brow and just steps away from its breathtaking views, trails, and stairs. This versatile property offers the perfect blend of lifestyle and investment opportunity. Featuring two self-contained units, each with 2 spacious bedrooms and 1 full bathroom, this property is ideal for investors or homeowners looking to offset their mortgage with rental income. Each unit is separately metered with two hydro meters, providing convenience and flexibility. The newly renovated lower unit offers modern finishes and thoughtful upgrades, while both units feature bright, functional layouts designed for comfortable living. Set on a generous lot, enjoy a large driveway with ample parking and a beautiful backyard, perfect for entertaining or relaxing. The separate side entrance enhances privacy and accessibility-an ideal setup for maximizing rental potential. Located in one of Hamilton Mountain's most desirable pockets, you're steps to the Mountain Brow, scenic trails, parks, and stairs, and just minutes from schools, shopping, transit, and all amenities. Whether you're an investor or a savvy buyer seeking additional income, this is a rare opportunity in a premier location. *Furnace, hot water tank & Ac- all replaced with in the last 5 years. Photos were taken before tenant moved in.
Estimate your monthly payments for this property
Estimated Payment
$3,693.46/mo
Includes CMHC insurance ($20,085)
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.
42 Sharon Avenue, Hamilton
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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
Fair Market Value
At $1028/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 73 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $3,000 (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.