23 Gibson Avenue Hamilton, ON L8L 6J4
3 Beds
3 Baths
1,850 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,850 sqft
Price per Sqft $378
MLS Listing ID 40850067
Style Traditional
Bedrooms 3
Full Baths 3
Abv Grd Liv Area 1,850
Year Built 1912
Annual Tax Amount $2,937
Property Sub-Type Detached
Source Cornerstone
Property Description
Renovated extensively back to the studs, this property provides investors with the benefit of major improvements already completed while offering a versatile multi-unit layout. The lower level features a tenanted 1-bedroom unit currently generating $1,001/month. The vacant main-floor 1-bedroom unit was previously rented for $1,600/month, providing the opportunity to secure a new tenant or accommodate an owner-occupier. The upper unit spans the second floor and loft, offering two bedrooms and currently generating $1,900/month.
With the two occupied units producing $2,901 in monthly rental income and the potential for approximately $4,501/month based on the previous rent of the vacant unit, this is a compelling opportunity for both seasoned and first-time investors.
Located in the established Gibson/Stipley neighbourhood, close to transit, shopping, schools, parks, and Hamilton's downtown core, 23 Gibson Avenue offers convenient access to the amenities tenants value.
Whether you're looking to expand your portfolio, enter the investment market, or explore an owner-occupied opportunity while generating rental income, this extensively renovated three-unit property deserves your attention. Book your private showing today!
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning D
Direction Wilson Street to Gibson Avenue.
Rooms
Basement Full, Finished
Main Level Bedrooms 1
Bedroom 3 1
Kitchen 3
Interior
Interior Features Built-In Appliances
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Fireplace No
Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry Shared
Exterior
Roof Type Asphalt Shing
Lot Frontage 26.0
Lot Depth 65.0
Garage No
Building
Lot Description Urban, Rectangular, City Lot
Faces Wilson Street to Gibson Avenue.
Story 2
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Traditional
Level or Stories 2
Structure Type Brick Veneer,Stone,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 171980226
Ownership Freehold/None