Welcome to 23 Gibson Avenue, an exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood. This extensively renovated 2.5-storey property features three self-contained units, offering an attractive combination of established rental income and immediate upside with one unit currently vacant. 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! (id:4069)
Address
23 GIBSON Avenue
List Price
$699,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
3
Bathrooms
3
Floor Area
1,850 Sq. Ft.
Lot Depth
65 ft
Frontage Length
26 ft
MLS® Number
40850139
Listing Brokerage
Keller Williams Complete Realty
Basement Area
Full (Finished)
Postal Code
L8L6J4
Zoning
D
Ownership
Freehold
Appliances
Microwave Built-in
Heat Source
Natural gas
Heat Type
Forced air
Number Of Floors In Building
2.5
Water Source
Municipal water
Sewer
Municipal sewage system
