50 Somerset Ave is a 3-bedroom, 3-bathroom detached home in Hamilton, listed for $535,000. It has 1100-1500 sq ft of living space.
1Fully vacant legal duplex with three units and strong income potential.
2Location adds to the rental appeal.
3Public transit is just minutes away on foot, with grocery stores, restaurants, shopping and everyday amenities all close by, providing the convenience tenants look for.
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.
3 bedrooms, 3 bathrooms, about 1,100 sq ft, works out to roughly $486 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 50 Somerset Ave
Every detail from the listing, in one place.
Type
Detached
Style
2 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
2 spaces
Basement
Finished, Full
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Finished · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Detached
50 Somerset Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14149552$535,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 50 Somerset Ave Compares to the Hamilton Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,628
/mo
based on the purchase price of $535,000
$107,000 cash
$428,000 financed
$360,488 total interest
Principal54%$428,000
Interest46%$360,488
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Hamilton
Other 2–3 bed homes for sale in Hamilton around $535K.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,480Homes for sale here right now.
Median vs prior 90 days−2.5%Compared with May 8 – Aug 6, 2026: prices down.
Based on 1,805 sales from Aug 6 – Nov 4, 2026 (1,548 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 50 Somerset Ave
How much is 50 Somerset Ave listed for?
50 Somerset Ave is listed at $535,000 (MLS® X14149552). Summitly updates the price as soon as the MLS® record changes.
Is $535,000 a good price for 50 Somerset Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 50 Somerset Ave changed?
No — 50 Somerset Ave is still listed at its original asking price of $535,000.
How many bedrooms and bathrooms does 50 Somerset Ave have?
50 Somerset Ave has 3 bedrooms and 3 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Hamilton.
How much would the monthly mortgage be on 50 Somerset Ave?
About $2,628 a month — principal and interest on $535,000 with 20% down ($107,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 50 Somerset Ave compare with other homes in Hamilton?
Its asking price of $535,000 is about 21% below the median sold price in Hamilton over the last 90 days, $675,000, across 1,805 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 50 Somerset Ave been sold before?
Summitly has no earlier MLS® sale or lease of 50 Somerset Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 50 Somerset Ave?
50 Somerset Ave is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 50 Somerset Ave been on the market?
50 Somerset Ave was listed today (November 4, 2026).
What is the price per square foot of 50 Somerset Ave?
About $357 to $486 per square foot: the asking price of $535,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 50 Somerset Ave have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 50 Somerset Ave have a basement, and is it finished?
The listing describes the basement as: Finished, Full.
