23 GIBSON Avenue

Hamilton, Ontario L8L6J4

MLS # 40850067

$699,900

Property Details

Type

Detached

Beds

Baths

Status

For Sale

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About this property

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!

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Rooms

Room	Level	Dimensions
Kitchen	Basement	8'0'' x 15'0''
Utility room	Basement	5'5'' x 4'2''
3pc Bathroom	Basement	x
Bedroom	Basement	9'4'' x 9'2''
Recreation room	Basement	24'11'' x 11'11''
Bedroom	Third level	23'3'' x 21'7''
3pc Bathroom	Second level	x
Living room	Second level	10'9'' x 14'4''
Dining room	Second level	6'9'' x 11'6''
Kitchen	Second level	11'9'' x 10'7''
3pc Bathroom	Main level	x
Bedroom	Main level	12'2'' x 12'8''
Kitchen	Main level	13'8'' x 21'3''