$725,000
Available - For Sale
Listing ID: X14097326
58 Arthur Avenue North , Hamilton, L8L 6C5, Hamilton
| 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. |
| Price | $725,000 |
| Taxes: | $3800.00 |
| Assessment Year: | 2026 |
| Occupancy: | Tenant |
| Address: | 58 Arthur Avenue North , Hamilton, L8L 6C5, Hamilton |
| Directions/Cross Streets: | Wilson and Wentworth St N |
| Rooms: | 3 |
| Rooms +: | 1 |
| Bedrooms: | 4 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Finished wit |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Bedroom |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 3 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | |
| Washroom Type 7 | 3 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | |
| Washroom Type 12 | 3 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | |
| Washroom Type 17 | 3 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| Style: | 2 1/2 Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 2 |
| Pool: | None |
| Approximatly Square Footage: | 1500-2000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Gibson |
| Style: | 2 1/2 Storey |
| Tax: | $3,800 |
| Beds: | 4 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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