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New Listing
$725,000
 $3,892 est/mo Sourced by Back At You

58 Arthur Avenue N,Hamilton, ON L8L 6C5

Hamilton, ON L8L 6C5

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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.

Details

MLS #40872311
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1905
Days On Site6
Listing Provided ByeXp Realty | Bernard Arzadon

Features

Bed(s)4
Bath(s)4
SQ Feet1,996
BasementY
Story(s)2
Units4
ZoningD
Acreage0.05

Interior

AppliancesRefrigerator, Stove
Interior FeaturesAccessory Apartment, Separate Hydro Meters
CoolingCentral Air
Cooling Yes / NoNo
HeatingForced Air, Natural Gas
Heating Yes / NoYes
Laundry FeaturesNone

Exterior

Lot FeaturesPublic Transit, Schools, Shopping Nearby
Construction MaterialsBrick
RoofAsphalt Shing
Foundation DetailsStone

Parking

Open Parking Yes / NoYes

Utilities

SewerSewer (Municipal)

Taxes

Tax Annual Amount3800

Area Information

ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8L 6C5
Area20 Hamilton Centre
Subarea200 Gibson | Stipley
Community Name200 Gibson/Stipley
Listing VS Median (in 200 Gibson/Stipley)
Price:
$725,000
low | high
Med:
$434,450
90.075862068966% of Average
sqft:
1,996
low | high
Med:
1,119
93.937875751503% of Average
$ / sqft:
$363
low | high
Med:
$399
40.270871226277% of Average
On site:
6
low | high
Med:
209.5
2.863961813842% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Marlo Drennan

Marlo Drennan

Coldwell Banker Community Professionals

4753840 (905) 484-1400marlo-drennan@coldwellbanker.ca
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8L 6C5
Area20 Hamilton Centre
Subarea200 Gibson | Stipley
Community Name200 Gibson/Stipley
Listing VS Median (in 200 Gibson/Stipley)
Price:
$725,000
low | high
Med:
$434,450
90.075862068966% of Average
sqft:
1,996
low | high
Med:
1,119
93.937875751503% of Average
$ / sqft:
$363
low | high
Med:
$399
40.270871226277% of Average
On site:
6
low | high
Med:
209.5
2.863961813842% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $543K - $906K
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
44 Arthur Avenue N Property Photo 1
$669,900
44 Arthur Avenue N
Hamilton, ON L8L 6C5
Listing Updated: October 22, 2026 at 1:34:23 PM PDT

Marlo and Cathy