The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Three full bathrooms, two full kitchens, and a legal separate entrance, this fully renovated East Mountain duplex at 387 Upper Gage Avenue offers exceptional value at. Sitting on a 50 x 100 ft lot with 4 driveway parking spaces, this like-new home is finished top to bottom with new doors and windows, pot lights throughout, and appliances including fridge, stove, and dishwasher. The main floor offers a bright one bedroom layout with a fully custom kitchen finished in quartz countertops and matching backsplash. Upstairs, two additional bedrooms complete the level with direct backyard access, giving the upper unit its own private outdoor connection. The fully self-contained basement apartment operates entirely independently, with its own separate entrance, two full bedrooms, a second custom kitchen with matching quartz finishes, a full bathroom, and its own dedicated laundry. Approximately 1,980 sq ft of total living space is thoughtfully split between the two units, ideal for an in-law suite, rental income, or extended family living. The upper unit is currently tenanted to an amazing, long-term tenant at $2,735.61/month, inclusive of utilities. Minutes to shopping, the hospital, highway access, and schools, 387 Upper Gage is a legal duplex built for flexibility, income potential, and everyday value.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,104/mo
Mortgage (principal + interest)$2,690
Property taxFrom listing: $4,968/yr$414
Minimum $46,900 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$143,800
Ontario land transfer taxProvincial brackets, no first-time refund$10,855
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$157,455
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Hamilton has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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