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$ 649,000
Est. payment | /mo
6 Beds
3 Baths
$ 649,000
Est. payment | /mo
6 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Gibson
MLS Listing ID X12480948
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,713
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Turn potential into profit with this rare legal vacant triplex! All 3 units are vacant, giving investors a blank slate to secure top market rents with no tenant turnover delays. Offering over 2,700 sq. ft. of living space plus a basement with a separate side entrance and 8 ft ceilings, there's excellent potential to increased rental income. The second floor is currently set up as individual room rentals with a shared bath and kitchen. Built in 1915, this property blends size and character with updates already in place, including newer flooring, baseboards in some areas, a new roof (2018/2019), 4 newly installed radiators, and a commercial-grade front door. Ideally located near public transit and steps from the city's planned LRT line, tenant demand will only continue to grow. The home has much of its original charm can be restored to its original beauty, including solid wood doors, detailed trim, and clawfoot tubs. A standout opportunity to create a high-income rental in a prime location.
Location
Province ON
County Hamilton
Community Gibson
Area Hamilton
Rooms
Family Room No
Basement Full, Partially Finished, Separate Entrance
Kitchen 3
Interior
Interior Features None
Cooling None
Fireplace Yes
Heat Source Other
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 35.07
Lot Depth 112.2
Total Parking Spaces 3
Building
Building Age 100+
Unit Features Park,Public Transit,Other
Foundation Concrete, Block
Others
Security Features Other
ParcelsYN No
Listed by KELLER WILLIAMS COMPLETE REALTY
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