New Listing
58 Arthur Avenue N,Hamilton, ON L8L6C5
Hamilton, ON L8L6C5
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. (id:13843)
Details
| MLS # | 40872311 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1905 |
| Days On Site | 5 |
| Listing Provided By | eXp Realty | Bernard Arzadon |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,996 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | D |
| Acreage | 0.05 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Stone |
|---|
Parking
| Parking Features | Open |
|---|---|
| Parking Total | 2 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3800 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8L6C5 |
| Community Name | 200 Gibson/Stipley |
| Listing VS Median (in 200 Gibson/Stipley) | |
Price: $725,000 low | high Med: $429,900 sqft: 1,996 low | high Med: 1,390 $ / sqft: $363 low | high Med: $309 On site: 5 low | high Med: 93 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8L6C5 |
| Community Name | 200 Gibson/Stipley |
| Listing VS Median (in 200 Gibson/Stipley) | |
Price: $725,000 low | high Med: $429,900 sqft: 1,996 low | high Med: 1,390 $ / sqft: $363 low | high Med: $309 On site: 5 low | high Med: 93 | |
