$649,000 - 313 Upper Gage Avenue, Hamilton
Multi-Family for Sale in Hamilton
Neighbourhood: Sunninghill
- MLS Number
- X13246014
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 29
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- GFA REALTY LTD.
Whether You're Searching For An Income-Generating Investment, A Move-In-Ready Home With Rental Potential, Or Separate Living Space For Extended Family, This Legal Duplex Delivers Exceptional Versatility. Situated On A Massive 265-Ft Deep Lot, This Duplex Features 3 Bedrooms On The Main Level, 2 On The Upper Level, And 1 In The Basement. With A Separate Entrance And Dedicated Access To The Basement, The Home Offers Flexible Living Arrangements And Strong Income Potential. Separate Laundry Adds Convenience, And Ample Parking On Both Sides Of The Property Enhances Functionality For Multiple Occupants. New Heat Pump And Furnace Installed At The End Of 2023. Ideally Located Close To All Major Amenities, Schools, Shopping, Highways, And More. The Expansive 265-Ft Deep Lot Further Enhances The Property's Appeal, Offering Excellent Flexibility And Long-Term Value.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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 Sunninghill
Sunninghill 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 Sunninghill
- •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
Sunninghill 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.
313 Upper Gage Avenue, Hamilton
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Rental income estimator & ROI calculator
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
Competitive Pricing
At $325/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Sunninghill
I know Sunninghill well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $2,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.