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$ 725,000
Est. payment | /mo
4 Beds
4 Baths
$ 725,000
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Gibson
MLS Listing ID X14097326
Style 2 1/2 Storey
Bedrooms 4
Annual Tax Amount $3,800
Tax Year 2026
Property Sub-Type Duplex
Property Description
Turnkey 4-unit investment in Hamilton's Gibson neighbourhood. This legal duplex plus 2 additional units offers a total of 4 self-contained units, fully tenanted and ready for the next owner to take over. Fully renovated in 2021, all units feature modern finishes including quartz countertops, stainless steel appliances, vinyl plank flooring, subway tile backsplashes and renovated bathrooms. The main floor (Unit 1) is a 1 bed, 1 bath, the second floor (Unit 2) is a 2 bed, 1 bath, Unit 3 is a bachelor with 1 bath, and the basement (Unit 4) is a 1 bed, 1 bath. Current gross rent is $5,585/month ($67,022/year), current net operating income is approx. $53,564/year, a 7.4% cap rate. Income and expense summary available on request. The property has 2 hydro meters and 2-car parking at the rear, accessible from both the front and the back of the property, plus street parking. Close to King St E shops and transit, the future LRT line, schools and parks, with downtown Hamilton minutes away.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Finished with Walk-Out
Kitchen 4
Interior
Interior Features In-Law Suite
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 25.0
Lot Depth 78.77
Total Parking Spaces 2
Building
Foundation Stone
Others
ParcelsYN No
Listed by EXP REALTY
Nearby Locations
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