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$ 725,000
Est. payment /mo
New
58 Arthur AVE N Hamilton, ON L8L 6C5
4 Beds
4 Baths
UPDATED:
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. 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
Zoning D
Rooms
Basement Finished with Walk-Out
Kitchen 4
Interior
Interior Features In-Law Suite
Cooling Central Air
Inclusions 4xFridge, 4x Range, all in as-is condition
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Foundation Stone
Lited by EXP REALTY