Address
23 Gibson Avenue, Hamilton, ON
Price
$ 699,900
Property Attributes
- ID#40850067
- TypeSingle Family
- Listing Status Active
- MunicipalityHamilton
- CityHamilton
- AreaHamilton
- Neighbourhood200 - Gibson/Stipley
- Postal CodeL8L 6J4
- StyleOther
- Year Built1912
- Price$ 699,900
- Bedrooms2+1
- Bathrooms3
- Half Bathrooms0
- Sqr Footage1850
Data Source:
Canadian Real Estate Association (CREA)
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! (id:7434)
General Features
| Property Type | Single Family |
|---|---|
| Zoning Description | D |
| Building Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
| Building Architectural Style | Other |
| Building Cooling Type | Window air conditioner |
| Location Description | Wilson Street to Gibson Avenue. |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 2.5 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 1850 |
| Bedrooms | 2+1 |
Exterior Features
| Sewer | Municipal sewage system |
|---|---|
| Exterior Finish | Brick Veneer, Stone, Vinyl siding |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 3pc Bathroom | Measurements not available | Main level | ||
| Bedroom | 12'8'' x 12'2'' | Main level | ||
| Dining room | 11'6'' x 6'9'' | Second level | ||
| Kitchen | 21'3'' x 13'8'' | Main level | ||
| Living room | 14'4'' x 10'9'' | Second level | ||
| Recreation room | 11'11'' x 24'11'' | Basement | ||
| Utility room | 4'2'' x 5'5'' | Basement |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L8L 6J4
Price
Year Built
In The Neighbourhood
Just Listed
Hamilton
$ 499,905
- Type
- Single Family
- Size
- 1,239 SqFt
- Rooms
- 3 Beds + 2 Baths
City Brokerage
Hamilton
$ 525,000
- Type
- Single Family
- Size
- 1,381 SqFt
- Rooms
- 4 Beds + 2 Baths
RE/MAX Escarpment Frank Realty
Hamilton
$ 548,900
- Type
- Single Family
- Size
- 1,556 SqFt
- Rooms
- 4 Beds + 2 Baths
Royal LePage State Realty Inc.
Hamilton
$ 2,750
- Type
- Single Family
- Size
- 1,491 SqFt
- Rooms
- 3 Beds + 1.5 Baths
RE/MAX Escarpment Realty Inc.
Hamilton
$ 749,999
- Type
- Single Family
- Size
- 2,462 SqFt
- Rooms
- 6 Beds + 3 Baths
Royal LePage Burloak Real Estate Services
Hamilton
$ 419,900
- Type
- Single Family
- Size
- 1,872 SqFt
- Rooms
- 4 Beds + 2 Baths
Royal LePage State Realty Inc.
Data provided by the Ontario Regional Technology & Information Systems. The information is deemed reliable, but is not guaranteed. Not intended to solicit buyers or sellers, landlords or tenants currently under contract.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned