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, stainle...ss 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.
Full Property Details
Interior
Bedrooms
4
Total Bedrooms
4
Washrooms
4
Square Footage
1500-2000 sqft
Basement
Finished with Walk-Out
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Bedrooms
4
Total Bedrooms
4
Washrooms
4
Square Footage
1500-2000 sqft
Basement
Finished with Walk-Out
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Exterior
Depth
78.77
Front
25.0
Lot Size
25 x 78.77 ft
Pool
None
Parking Spaces
2
Total Parking Spaces
2.00
Parking Description
None
Garage Spaces
0
Zoning
D
Depth
78.77
Front
25.0
Lot Size
25 x 78.77 ft
Pool
None
Parking Spaces
2
Total Parking Spaces
2.00
Parking Description
None
Garage Spaces
0
Zoning
D
Building Description
Style
2 1/2 Storey
Home Type
Apartment
Subtype
Duplex
Property Orientation
East
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Style
2 1/2 Storey
Home Type
Apartment
Subtype
Duplex
Property Orientation
East
Exterior Finish
Brick
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Community
Community
Gibson
Community
Gibson
Taxes & Fees
Taxes
$3,800 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$3,800 /yr
Tax Year
2026
Occupancy
Tenant
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