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499 East 16th Street Hamilton, ON - Image 1499 East 16th Street Hamilton, ON - Image 2499 East 16th Street Hamilton, ON - Image 3499 East 16th Street Hamilton, ON - Image 4499 East 16th Street Hamilton, ON - Image 5499 East 16th Street Hamilton, ON - Image 6499 East 16th Street Hamilton, ON - Image 7499 East 16th Street Hamilton, ON - Image 8499 East 16th Street Hamilton, ON - Image 9499 East 16th Street Hamilton, ON - Image 10499 East 16th Street Hamilton, ON - Image 11499 East 16th Street Hamilton, ON - Image 12499 East 16th Street Hamilton, ON - Image 13499 East 16th Street Hamilton, ON - Image 14499 East 16th Street Hamilton, ON - Image 15499 East 16th Street Hamilton, ON - Image 16499 East 16th Street Hamilton, ON - Image 17499 East 16th Street Hamilton, ON - Image 18499 East 16th Street Hamilton, ON - Image 19499 East 16th Street Hamilton, ON - Image 20499 East 16th Street Hamilton, ON - Image 21499 East 16th Street Hamilton, ON - Image 22499 East 16th Street Hamilton, ON - Image 23499 East 16th Street Hamilton, ON - Image 24499 East 16th Street Hamilton, ON - Image 25499 East 16th Street Hamilton, ON - Image 26499 East 16th Street Hamilton, ON - Image 27499 East 16th Street Hamilton, ON - Image 28499 East 16th Street Hamilton, ON - Image 29499 East 16th Street Hamilton, ON - Image 30499 East 16th Street Hamilton, ON - Image 31499 East 16th Street Hamilton, ON - Image 32499 East 16th Street Hamilton, ON - Image 33499 East 16th Street Hamilton, ON - Image 34499 East 16th Street Hamilton, ON - Image 35499 East 16th Street Hamilton, ON - Image 36499 East 16th Street Hamilton, ON - Image 37499 East 16th Street Hamilton, ON - Image 38499 East 16th Street Hamilton, ON - Image 39499 East 16th Street Hamilton, ON - Image 40499 East 16th Street Hamilton, ON - Image 41499 East 16th Street Hamilton, ON - Image 42

$725,000

5 Beds 2 Baths 1,128 SQFT 0.11 Acres
Type: Single Family

499 East 16th Street
Hamilton, ON L9A 4K9

MLS#: 40867137
Rosalind Nicholas
Rosalind Nicholas
Condo Digs
Sales Representative
Phone: 416.918.1972
Office: 416.203.6636
Presented by: Keller Williams Complete Realty

Property Description

 

Investors and owner-occupiers, take note! This fully legal duplex offers an incredible opportunity to build equity while generating rental income — whether you're looking to expand your portfolio or live in one unit and rent out the other for an additional source of income. This property features two updated, self-contained units: a spacious 3-bedroom main-floor unit and a well-appointed 2-bedroom basement unit. Both units feature stainless steel appliances and offer comfortable, modern living spaces that are attractive to today's tenants. With separate hydro meters, tenants can be responsible for their own electricity usage. The basement unit also offers the added bonus of no rent control, providing greater flexibility for future rental income. The property is being offered vacant, giving the new owner the flexibility to set their own rents from day one. For an owner-occupier, this creates an especially attractive opportunity: live in one unit while renting the other, generating rental income that can help offset your monthly mortgage payment and make home ownership more affordable. For investors, the property's layout provides the potential for healthy monthly cash flow, while its location helps attract a large and diverse tenant pool. Situated in a mature and established neighbourhood, this property is conveniently located close to Lime Ridge Mall, shopping, restaurants, schools, transit, everyday amenities, and major highways. With quick and easy highway access, getting around the city is a breeze — making this a highly convenient location for both homeowners and tenants. Whether you're looking to house-hack your way into home ownership, reduce your monthly carrying costs, or add a strong income-producing property to your portfolio, this fully legal duplex offers flexibility, rental income potential, updated units, and an incredible location all in one package.


 

Interior Features

Bedrooms

Main Level Bedrooms3
Total Bedrooms5

Bathrooms

Half Baths0
Main Level Bathrooms1
Total Baths2

Kitchen

Kitchen LevelBasement, Main

Other Interior Features

Above Grade Finished Area1,128 sqft
Above Grade Finished Area Source0 sqft
Above Grade Finished Area Unit Type0 sqft
Air Conditioning Y/NNo
BasementFull, Finished
Below Grade Finished Area660 sqft
Below Grade Finished Area Source0 sqft
Below Grade Finished Area Unit Type0 sqft
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesIn-law Capability, In-Law Floorplan, Separate Hydro Meters

General

AppliancesDishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Architectural StyleBungalow Raised
Building Area Units0 sqft
CityHamilton
Construction MaterialsBrick
CoolingDuctless
CountyHamilton
DirectionsUpper Wentworth to Mohawk to East 16th
Full Baths2
Garage Y/NNo
HeatingBaseboard, Gas Hot Water, Radiator
Living Area1,128 sqft
Lot Size Square Feet4,791 sqft
Lot Size UnitsAcres
MLS Area17 - Hamilton Mountain
MLS Area Minor176 - Hill Park
New ConstructionNo
Open Parking Spaces3
Property Attached Y/NNo
Property SubtypeSingle Family Residence
Property TypeResidential
RoofAsphalt Shing
Senior Community Y/NNo
SewerSewer (Municipal)
Standard StatusActive
StatusActive
Stories Count1
Total Rooms12
ZoningC

Exterior

Building Area Total1,788 sqft
Crops Included Y/NNo
Frontage Length50 sqft
Frontage TypeEast
InclusionsDishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Lot Dimensions50.58 x 95.87
Lot FeaturesUrban, Airport, Highway Access, Major Highway, Park, Public Transit, Rec./Community Centre, Regional Mall, School Bus Route, Schools
Lot Size Acres0.11
Lot Size Area0 sqft
Number of Buildings0
Total Parking3
Water SourceMunicipal
Waterfront Y/NNo

Additional Details

Schools 

High School Hubert H Humphrey Middle School
Elementary School Big Hollow Elementary School

  

Similar Properties

$725,000

5 Beds 2 Baths 1,128 SQFT 0.11 Acres
Type: Single Family

499 East 16th Street
Hamilton, ON L9A 4K9

MLS#: 40867137
Rosalind Nicholas
Rosalind Nicholas
Condo Digs
Sales Representative
Phone: 416.918.1972
Office: 416.203.6636
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Sq. Toronto, ON M5J 2G4

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