23 Gibson Avenue, Hamilton, Ontario

About 23 Gibson Avenue

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:6289)

More Info on this 200 - Gibson/Stipley House MLS® listing

23 Gibson Avenue is a house listing for sale in Hamilton. The MLS® number is 40850067. It was built in 1912, features 3 bedrooms, 3 bathrooms and covers 1,850 square feet. It's currently listed for $699,900. For more details on MLS® 40850067, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in 200 - Gibson/Stipley is available now!

Selling your 200 - Gibson/Stipley House property?

Have a similar home to 23 Gibson Avenue? If you’re thinking about selling your 200 - Gibson/Stipley house property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Hamilton property.

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