$895,000Asking Price
507 Wilson Street, Hamilton, ON L8L 1T4
Gibson, Hamilton
Turnkey Multi Family Investment Opportunity in the Heart of Hamilton! An exceptional opportunity to own a fully renovated 4-Unit, cash-flowing multi-unit property in Downtown Hamilton! This investment boasts modern finishes, strong rental income, and minimal maintenance, making it a prime investment for any savvy buyer. Suite Mix: 2 x 2-Bedroom Units, 2 x 1-Bedroom Units All units updated within the last 3 years featuring modern finishes such as Quartz countertops, stainless steel appliances, vinyl plank flooring, subway tile backsplashes, and brand-new bathrooms. 3 of the 4 units feature private laundry for tenant convenience! Rent roll as such; Unit 1: $1,973/month + Hydro, Unit 2: $1,896/month + Hydro, Unit 3: $1,585/month (All-Inclusive), Unit 4: $1,430/month (All-Inclusive) A sought-after area attracting young professionals and long-term tenants! Buyer to conduct their own due diligence regarding zoning.
Turnkey Multi Family Investment Opportunity in the Heart of Hamilton! An exceptional opportunity to own a fully renovated 4-Unit, cash-flowing multi-unit property in Downtown Hamilton! This investment boasts modern finishes, strong rental income, and minimal maintenance, making it a prime investment for any savvy buyer. Suite Mix: 2 x 2-Bedroom Units, 2 x 1-Bedroom Units All units updated within the last 3 years featuring modern finishes such as Quartz countertops, stainless steel appliances, vinyl plank flooring, subway tile backsplashes, and brand-new bathrooms. 3 of the 4 units feature private laundry for tenant convenience! Rent roll as such; Unit 1: $1,973/month + Hydro, Unit 2: $1,896/month + Hydro, Unit 3: $1,585/month (All-Inclusive), Unit 4: $1,430/month (All-Inclusive) A sought-after area attracting young professionals and long-term tenants! Buyer to conduct their own due diligence regarding zoning.
See MoreKey Info
- 3-Storey Fourplex
- 3 Parking
- No Garage
- Wilson & Wentworth N
- 51-99 Years Approximate Age
- No Ensuite Laundry
- Forced Air Electric Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $4,043 in 2024
- Possession: Flexible
Details
- Brick Exterior
- No Fireplace
- 4 Kitchens
- MLS #X12021210
- EXP REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 4 3-Piece Bathrooms | |||
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Who lives here?
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.
Families
Kids Per Family
1.5
kids per family
in the neighbourhood.
Singles
62%
of residents are
single and loving it.
62% singles
Hamilton (46%)Renters
65%
of residents
are renters.
65% renters
Hamilton (32%)Education
15%
of residents are
university grads.
15% university grads
Hamilton (28%)Income
Average Household Income
$56K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 16% |
| Trades | 8% |
| Business | 5% |
| Manufacturing | 4% |
| Government | 4% |
Immigrants
27%
of residents were
born outside of Canada.
27% immigrants
Hamilton (25%)Birthplace - All
2.3% from Syria
All-time
Birthplace - Recent
0.7% from Somalia
Recent
Foreign Languages
Foreign Languages
| Arabic | 3% |
| Vietnamese | 3% |
| Spanish | 2% |
| French | 2% |
| Somali | 2% |
Religions
Religions
| Christian | 55% |
| Muslim | 4% |
| Buddhist | 2% |
| Hindu | 1% |
