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.
Property Type:
Residential Income
Property SubType:
Duplex Up/Down
Year built:
1905
(Age: 121)
Listing General Location:
200 - Gibson/Stipley, 20 - Hamilton Centre
Bedrooms:
4
Bathrooms:
4.0
(Full:-/Half:-)
Lot Size:
2,178 sq. ft.202 m2
Lot Details:
25 x 78.77
Lot Depth:
78'9¼"24 m
Lot Frontage:
25'7.62 m
Frontage Type:
East
Kitchens:
0
County Or Parish:
Hamilton
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick
Basement:
Walk-Out Access, Full, Finished
Foundation:
Stone
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
1,996 sq. ft.185 m2
Finished Area Above Grade:
1,996 sq. ft.185 m2
Fireplace:
false
Laundry Features:
None
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Other,4 Fridges, 4 Ranges, All In As-Is Condition.
Refrigerator, Stove
Tenant Belongings.
Accessory Apartment, Separate Hydro Meters
false
No
Wilson then south on Arthur Ave N
No
HST Applicable To Sale Price:
Included
Features:
Crops Included: No, Garage: No, New Construction: No
Zoning:
D
Total Acres:
0.05
Lot Site Features:
Public Transit, Schools, Shopping Nearby
Features:
Crops Included: No, Garage: No, New Construction: No
Data was last updated November 2, 2026 at 05:50 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$664,950
Min list price:
$199,000
Max list price:
$1,275,000
Avg days on market:
57
Min days on market:
9
Max days on market:
243
Avg price per sq.ft.:
$272.93
These statistics are generated based on the current listing's property type
and located in
20 - Hamilton Centre. Average values are
derived using median calculations. This data is not produced by
the MLS® system.