$649,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 4-Piece Bathroom on Main Floor | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
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Gibson, Hamilton is a west GTA neighbourhood notable for its singles, renters and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 20 to 24 and adults aged 25 to 44.
Kids Per Family
1.5
kids per family
in the neighbourhood.
62%
of residents are
single and loving it.
62% singles
Hamilton (46%)
65%
of residents
are renters.
65% renters
Hamilton (32%)
15%
of residents are
university grads.
15% university grads
Hamilton (28%)Average Household Income
$56K
is the average household
income in the neighbourhood.
Professions
| Sales | 16% |
| Trades | 8% |
| Business | 5% |
| Manufacturing | 4% |
| Government | 4% |
27%
of residents were
born outside of Canada.
27% immigrants
Hamilton (25%)2.3% from Syria
All-time
0.7% from Somalia
Recent
Foreign Languages
| Arabic | 3% |
| Vietnamese | 3% |
| Spanish | 2% |
| French | 2% |
| Somali | 2% |
Religions
| Christian | 55% |
| Muslim | 4% |
| Buddhist | 2% |
| Hindu | 1% |