$420,000Asking Price
Attention investors, contractors, and renovators. Opportunity to acquire a property at 563Cannon St E in the Gibson area of Hamilton currently configured as a duplex with two self contained units. Each unit offers 2 bedrooms, separate kitchens, individual hydro meters, separate breaker panels, and two furnaces servicing the property. Unit 1: Main Floor and 2nd Floor. 2 Bedrooms 1 Bathroom 1 KitchenUnit 2: Main Floor and Lower. 1 Bedroom Above Grade, 1 bedroom Below, a large Den, 2 Kitchens(1 Above Grade, 1 Below Grade)The upper unit is in relatively clean condition with a bright and functional layout. The lowerunit spans part of the main floor and basement and requires cleaningPrevious rents were $1,470/month (upper) and $870/month (lower), offering strong upsidepotential for those looking to renovate and reposition the asset.Property is tenanted and access may be limited due to tenancy and site conditions.Property is being sold strictly in "as is, where is" condition. Seller makes norepresentations or warranties with respect to the property, its condition, retrofit status, orlegality of use. Buyers to conduct their own due diligence.
Attention investors, contractors, and renovators. Opportunity to acquire a property at 563Cannon St E in the Gibson area of Hamilton currently configured as a duplex with two self contained units. Each unit offers 2 bedrooms, separate kitchens, individual hydro meters, separate breaker panels, and two furnaces servicing the property. Unit 1: Main Floor and 2nd Floor. 2 Bedrooms 1 Bathroom 1 KitchenUnit 2: Main Floor and Lower. 1 Bedroom Above Grade, 1 bedroom Below, a large Den, 2 Kitchens(1 Above Grade, 1 Below Grade)The upper unit is in relatively clean condition with a bright and functional layout. The lowerunit spans part of the main floor and basement and requires cleaningPrevious rents were $1,470/month (upper) and $870/month (lower), offering strong upsidepotential for those looking to renovate and reposition the asset.Property is tenanted and access may be limited due to tenancy and site conditions.Property is being sold strictly in "as is, where is" condition. Seller makes norepresentations or warranties with respect to the property, its condition, retrofit status, orlegality of use. Buyers to conduct their own due diligence.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | ||
| 2 | Bathroom | Main | ||
| 3 | Den | Main | ||
| 4 | Kitchen | Main | ||
| 1 3-Piece Bathroom on Lower | ||||
| 2 3-Piece Bathrooms on Upper | ||||
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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% |