Space
Finished area and layout
- Living Area
- 1,850 sqft
- Above Grade
- 1,850 sqft (Other)
- Finished Breakdown
- Above 1,850 sqft
- Bedrooms
- 3
- Bathrooms
- 3
+22 more
3
Bedrooms
3
Bathrooms
1,850 sqft
Living Area
26.0 feet frontage
Lot
1912
Year Built
Property Snapshot
Key details for this listing
MLS #40850067
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 3-bedroom, 3-bathroom single family in Hamilton offers 1,850 sqft of living area on a 26.0 feet frontage lot. Built in 1912, 2 storeys. The home features forced air, natural gas heating, window air conditioner, a finished, full basement.
MLS Remarks
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:60351)
Full Listing Details
Address23 GIBSON Avenue
MLS#40850067
Listing StatusActive
Property TypeResidential
Sub-TypeSingle family
TransactionSale
Days on Market38
Common InterestFreehold
Annual Tax$2,938
Structure TypeHouse
AttachedDetached
StyleOther
Year Built1912
Bedrooms3
Bathrooms3
Bedrooms Above Grade2
Bedrooms Below Grade1
Living Area1,850 sqft
Above Grade Area1,850 sqft (Other)
Stories2
CityHamilton
ProvinceOntario
Postal CodeL8L6J4
Subdivision200 - Gibson/Stipley
Frontage26.0 feet
Zoning DetailsD
HeatingForced air, Natural gas
CoolingWindow air conditioner
BasementFinished, Full
AppliancesWasher, Refrigerator, Dishwasher, Stove, Dryer
ExteriorStone, Vinyl siding, Brick Veneer
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$2,938
Wilson Street to Gibson Avenue.
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