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Sofia Fischman

sofia@sofiafischman.com +1(416) 427-4463

Listed by Bernard Arzadon • eXp Realty

$ 725,000

Est. payment -/mo

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58 Arthur Avenue N Hamilton, ON L8L 6C5

4 Beds

4 Baths

1,996 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,996 sqft

Price per Sqft $363

MLS Listing ID 40872311

Bedrooms 4

Abv Grd Liv Area 1,996

Year Built 1905

Annual Tax Amount $3,800

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Duplex Up/Down

Source Cornerstone

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. 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.

Location

State ON

County Hamilton

Area 20 - Hamilton Centre

Zoning D

Direction Wilson then south on Arthur Ave N

Rooms

Basement Walk-Out Access, Full, Finished

Kitchen 0

Interior

Interior Features Accessory Apartment, Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Refrigerator, Stove

Laundry None

Exterior

Roof Type Asphalt Shing

Lot Frontage 25.0

Lot Depth 78.77

Garage No

Building

Lot Description Public Transit, Schools, Shopping Nearby

Faces Wilson then south on Arthur Ave N

Story 2

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 171990111

Ownership Freehold/None

Sofia Fischman

Broker

+1(416) 427-4463

Sofia Fischman

58 Arthur Avenue N Hamilton, ON L8L 6C5

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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58 Arthur Avenue N