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220 EMERALD Street

220 EMERALD Street

Hamilton, Ontario

2 bed • 3 bath • Single Family

$399,900

You really can't miss this value added investment that not only makes a strong statement on the street, but is a strong investment too! Not only a bold facade, but a bold almost 8% potential cap rate make this solid semi-detached currently set up as 3 self-contained units an ideal income generating property. The fully renovated rear one-bedroom unit, and second-floor one-bedroom are occupied by excellent low-maintenance tenants, and the front studio is ready to be rented or updated to suit your needs, offering a turn-key opportunity to get into the in-demand Hamilton rental market. The main floor could be consolidated back into one unit for the owner who may want to live in and rent the upper unit. Recent improvements include a complete frame-in renovation of the rear unit, as well as new furnace and hot water tank (2021), updated wiring with 200-amp breaker panel and some exterior brick repointing with the front and side painted (2022), rear stairs replaced (2019), tiled tub surround & bedroom flooring in upper unit just replaced March 2026. Two rear parking spaces on a concrete driveway with paved alley access, plus proximity to downtown and public transit routes makes it a very attractive prospect to tenants. A practical & profitable opportunity for investors to build long-term equity in an improving Lansdale neighbourhood.

Price History

Property

Lot Size
0.05 acres

Schools

Elementary

  • Cathy Wever Elementary Public School0.5 km

    Public · Hamilton-Wentworth DSB · 540 students

    Grade 3 reading: 56% met the provincial standard · Grade 6 math: 23% met the provincial standard

  • Dr. J. Edgar Davey Elementary Public School0.7 km

    Public · Hamilton-Wentworth DSB · 585 students

    Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard

  • St. Patrick Catholic Elementary School0.8 km

    Catholic · Hamilton-Wentworth CDSB · 405 students

    Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard

Secondary

  • System Alternative Education Sir Isaac Brock Secondary School0.8 km

    Public · Hamilton-Wentworth DSB · 65 students

  • Cathedral High School0.9 km

    Catholic · Hamilton-Wentworth CDSB · 1650 students

    Grade 10 literacy: 64% met the provincial standard

  • Bernie Custis Secondary School Secondary School2.1 km

    Public · Hamilton-Wentworth DSB · 955 students

    Grade 10 literacy: 65% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L8L

Population
32,312
Private dwellings
14,444
Median age
36.4
Average household size
2.4
Median household income
$65,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Hamilton · last 12 months

Median sold price
$682,825
Homes sold
4,992
Median days on market
27
Sale-to-list price
97.1%

Based on 4,992 recorded sales of single family properties in Hamilton over the last 12 months.

Location

Mortgage Calculator

$79,980

Estimated Monthly Payment

$1,965

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $1,965/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $100/mo

Estimates only. Consult a financial advisor.

R

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