50 Somerset Avenue, Hamilton, ON L8L 2L5
Stipley, Hamilton · Near Cannon & Barnside · View map
About this home
FULLY VACANT LEGAL DUPLEX WITH THREE UNITS AND STRONG INCOME POTENTIAL. Fully vacant and ready for fresh market rents, this legal duplex features three fully contained units, giving investors the opportunity to select their own tenants and establish rents from day one. With three potential income streams under one roof, the property offers an appealing opportunity for investors looking to build or expand their portfolio. Many of the major capital expenses have already been completed, helping reduce the immediate costs that can come with acquiring an investment property. Full vacancy provides added flexibility, allowing the next owner to establish their own tenant mix and rental structure from the start. Location adds to the rental appeal. Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for. Three fully contained units, full vacancy, fresh market rent potential, significant recent capital improvements and a convenient Hamilton location come together in an investment property positioned for income from the start.
The home
- Type
- 2-storey detached home
- Style
- 2 1/2 Storey
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 1
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 12
- Basement
- Finished, Full, Separate Entrance
- Lot size
- 24.4 x 60 ft
- Faces
- South
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Private Double
Taxes & other
- Property taxes
- $3,379/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Flexible
- Cross street
- Cannon & Barnside
- Neighbourhood
- Stipley
More
- Price per sq ft
- ~$423 (at 1,300 sq ft)
- MLS® number
- X13853452
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The home and its surroundings
- Water Heater Owned
- Hospital
- Public Transit
- School
- Porch
- Deck
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
50 Somerset Avenue, Hamilton, ON L8L 2L5
Stipley, Hamilton · Near Cannon & Barnside
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Listing history for 50 Somerset Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 50 Somerset Avenue
Answers come straight from this home’s MLS® listing.
How much is 50 Somerset Avenue listed for, and what would it cost each month?
50 Somerset Avenue is listed for $549,900. With 20% down ($109,980), the mortgage payment would be roughly $2,218 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,500 a month, all in. That figure is an illustration, not a quote.
Is 50 Somerset Avenue freehold or a condo, and is there a monthly fee?
50 Somerset Avenue is a 2-storey detached home in Stipley, Hamilton. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 50 Somerset Avenue have?
50 Somerset Avenue has 3 bedrooms, plus 1 more bedroom in the basement, and 3 bathrooms. The listing gives the style as 2 1/2 storey.
Does 50 Somerset Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 50 Somerset Avenue have a finished basement?
The listing describes the basement as finished, full, separate entrance. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 50 Somerset Avenue?
50 Somerset Avenue is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 50 Somerset Avenue, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 24.4 x 60 ft.
How is 50 Somerset Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 50 Somerset Avenue?
Property taxes are $3,379 a year (2026), or about $282 a month.
Where is 50 Somerset Avenue?
50 Somerset Avenue is in the Stipley community of Hamilton. The nearest main intersection is Cannon & Barnside. The postal code is L8L 2L5.
Is 50 Somerset Avenue still for sale?
Yes. It is an active listing (MLS® X13853452). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 50 Somerset Avenue asking?
Similar detached homes for sale nearby right now include 20 Somerset Avenue at $498,888 (3 bed), 147 Melrose Avenue N at $498,000 (3 bed) and 79 Case Street at $449,900 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 50 Somerset Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 50 Somerset Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Stipley, picked by style, size and price.
2-storey detached home$498,88820 Somerset Avenue, Hamilton3 bed · 2 bath · GibsonCourtesy of: RE/MAX REALTY SERVICES INC.View home →
2-storey detached home$498,000147 Melrose Avenue N, Hamilton3 bed · 2 bath · StipleyCourtesy of: KELLER WILLIAMS EDGE REALTYView home →
2-storey detached home$449,90079 Case Street, Hamilton3 bed · 2 bath · StipleyCourtesy of: Royal LePage Real Estate Associates, Bradica GroupView home →Courtesy of: YOUR HOME SOLD GUARANTEED REALTY ELITE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.