23 GIBSON Avenue, Hamilton, ON L8L6J4
23 GIBSON Avenue, Hamilton, ON L8L6J4
23 GIBSON Avenue, Hamilton, ON L8L6J4
23 GIBSON Avenue, Hamilton, ON L8L6J4
23 GIBSON Avenue, Hamilton, ON L8L6J4
23 GIBSON Avenue, Hamilton, ON L8L6J4
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Laxman Hanmaiahgari

Laxman Hanmaiahgari

+1(778) 223-8193
$ 699,900
Est. payment | /mo

3 Beds

3 Baths

1,850 SqFt

Save
$ 699,900
Est. payment | /mo
Save

3 Beds

3 Baths

1,850 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1850

Square Footage 1,850 sqft

Price per Sqft $378

Subdivision 200 - Gibson/Stipley

MLS® Listing ID 40850067

Style Other

Bedrooms 3

Year Built 1912

Property Sub-Type Freehold

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:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level Measurements not available 3pc Bathroom

Extra Room 2 Second level 14'4'' x 10'9'' Living room

Extra Room 3 Second level 11'6'' x 6'9'' Dining room

Extra Room 4 Second level 10'7'' x 11'9'' Kitchen

Extra Room 5 Third level 21'7'' x 23'3'' Bedroom

Extra Room 6 Basement 15'0'' x 8'0'' Kitchen

Interior

Heating Forced air,

Cooling Window air conditioner

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 2.5

Sewer Municipal sewage system

Architectural Style Other

Others

Ownership Freehold

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Listed by Keller Williams Complete Realty

NEARBY SCHOOLS & PROPERTIES

Laxman Hanmaiahgari

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(778) 223-8193

info@laxmanhomes.com

# 500 666 Burrard Street, Vancouver, Columbia V6C3P6, Canada

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23 GIBSON Avenue