Room 1
Level not provided
63 Melrose Avenue
Gibson/Stipley South, Hamilton, ON L8M 2Y4
Description
An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. The property also offer a separate side entrance, providing possible opportunity to further revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown. A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future!
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- 40859911
- Board
- Cornerstone (ITSO) MLS®
- Days on market
- Tax
- $4,765
- Size
- 2668 sqft
- Lot
- 40.00 × 120 ft
- Parking
- 3 Parking
Listing History
Listing activity for 63 Melrose Avenue, Hamilton, ON
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $599,900 | N/A | For Sale | 40859911 |
Property Details
Property
- Property Type
- Duplex Up/Down
- Style
- Other
- Community
- Gibson/Stipley South
- Municipality
- Hamilton
Inside
- Bedrooms
- 6
- Bathrooms
- 4
- Basement Type
- Full, Partially Finished
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 2668 sqft
- Construction
- Brick, Other
Parking
- Driveway
- Private Drive Single Wide
- Garage
- 1
- Add. Parking
- 2
- Total Parking
- 3
Land
- Sewer
- Sewer (Municipal)
- Lot Size
- 40.00 × 120 ft
Additional
- Year built
- 1915
- Roof
- Asphalt Shing
- Extras
- Built-in Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 7 on record nearby 7 checked, none on recordRead 2026-11-06
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m12 test or monitoring holes also recorded.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 9.7 km
Province of Ontario open data
Around the home
- Nearest rail line: 450 m
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 220 m away. Routes and stops change; check the agency’s schedule.
- A trail on the Ontario trail network within 1 km
Province of Ontario open data · Municipal transit open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is GFL Environmental Services Inc. — GFL Environmental Services Inc. (Hamilton - Lottridge), 1.1 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Alectra Utilities Corporation
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Dotto One, Rogers. Cable: Cogeco Connexion, Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains public sector Data made available under the City of Hamilton's Open Data Licence
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,750
- Down payment$119,980
- Mortgage amount$479,920
- Total interest$345,080
- Total cost$944,980
Cash flow analysis
$2,750
Total monthly payment
$3,147
Break-even down payment
100%
Cash flow-$3,147
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$599,900
$599,900
CAD
Estimate unavailable
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