58 Arthur Avenue N Hamilton, Ontario L8L 6C5
$725,000
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. (id:61499)
Property Details
| MLS® Number | 40872311 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit, Schools, Shopping |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 4 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1905 |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 1996 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 79 Ft |
| SizeFrontage | 25 Ft |
| SizeIrregular | 0.05 |
| SizeTotal | 0.05 Ac|under 1/2 Acre |
| SizeTotalText | 0.05 Ac|under 1/2 Acre |
| ZoningDescription | D |
https://www.realtor.ca/real-estate/30422118/58-arthur-avenue-n-hamilton
Interested?
Contact us for more information
Bernard Arzadon
Salesperson
21 King Street W. Unit A
Hamilton, Ontario L8P 4W7
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October 22 2026 06:33:01
Exp Realty