Investor’s Dream in Blakeley: Dual-Unit Duplex with Bonus Barn at 14 Norway Avenue.
Discover this versatile and charming legal duplex nestled in Hamilton’s sought-after Blakeley neighborhood. With approximately 1,900 sq ft of well-designed living space, this property offers the perfect blend of comfort, storage, and income potential.
Two well-appointed units — a spacious two-bedroom unit and a comfortable three-bedroom unit — ideal for owner-occupiers or income-generating tenants. Along with multiple storage units which are rented.
Prime location — just steps away from the verdant beauty of Gage Park, the convenience of St. Peter’s Hospital, and the dynamic boutiques and cafés of Ottawa Street.
Investor-friendly layout — live in one unit while renting the other, or maximize your rental portfolio with two income streams.
Standout Feature — Huge Barns with Endless Possibilities. Currently rented as storage.
At the rear of the property sits two large barns, offering abundant storage and exciting development potential. For savvy investors, it’s a prime opportunity to add an Additional Dwelling Unit (ADU) or create a unique workspace, studio, or workshop — all while maintaining rental income from the main house.
Strong Current Income
Unit 1: $1,850 + hydro
Unit 2: $1,995 + hydro
Unit 3/6: $650/month
Unit 4: $250/month
Unit 5A: $475/month
Unit 5B: $500/month
Cap Rate: 6.6%