23 Gibson Avenue, Hamilton, ON L8L 6J4
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23 Gibson Avenue, Hamilton, ON L8L 6J4
23 Gibson Avenue, Hamilton, ON L8L 6J4
23 Gibson Avenue, Hamilton, ON L8L 6J4
23 Gibson Avenue, Hamilton, ON L8L 6J4
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Team Rocca

Team Rocca

The Rocca Sisters Team

+1(905) 335-4102
Listed by Brian Karschti • Keller Williams Complete Realty
$ 699,900
Est. payment /mo
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Active

23 Gibson Avenue Hamilton, ON L8L 6J4

3 Beds

3 Baths

1,850 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,850 sqft

Price per Sqft $378

MLS Listing ID 40850139

Bedrooms 3

Abv Grd Liv Area 1,850

Annual Tax Amount $2,937

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

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!

Location

Province ON

County Hamilton

Area 20 - Hamilton Centre

Zoning D

Direction Wilson Street to Gibson Avenue or ask your phone.

Rooms

Basement Full, Finished

Kitchen 0

Interior

Interior Features Built-In Appliances

Heating Forced Air, Natural Gas

Cooling Other

Fireplace No

Appliance Built-in Microwave, 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 City Lot

Faces Wilson Street to Gibson Avenue or ask your phone.

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick Veneer,Stone,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 171980226

Ownership Freehold/None

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Team Rocca

Team Rocca

Owner

+1(905) 335-4102

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23 Gibson Avenue