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$675,000
Status: For Sale
An exceptional investment opportunity awaits at 65 Aikman Avenue in Hamiltons vibrant Gibson neighborhood. This legal duplex includes full architectural and mechanical drawings, approved minor variances, and transferable development charges, streamlining its conversion into a fourplex. With an open permit in place, investors can start renovations immediately upon closing, significantly reducing holding costs. Each unit features separate egresses, ensuring tenant safety and privacy. Parking is ample, with two front spots and two rear spots, including a detached garage off the laneway. Currently vacant, the duplex offers two spacious three-bedroom units, allowing for immediate transformation. Post-conversion, the estimated gross rental income is $5,800/month, with potential to reconfigure the layout for even greater returns. Situated in Gibson, a neighborhood known for its livability, affordability, and accessibility, residents enjoy proximity to schools, parks, transit, and local hotspots. A rare, value-add opportunity to maximize rental potentialdon't miss out!
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X11908408 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :22 Mar, 2025 (2 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Hamilton |
|---|---|
| Postal Code | :
L8M 1P8
|
| Price | : $675,000 |
|---|---|
| Property Taxes | :$4928.0 |
| Tax Year | :2024 |
|---|
| Bedrooms | :4 + 2 |
|---|---|
| No. of Rooms | :12 |
| Air Conditioning | :Window Unit(s) |
| Heating | :Forced Air |
| Cross Street | :Sanford & Aikman |
| Bathrooms | :2 |
|---|---|
| Fuel | :Gas |
| Fireplace/Stove | :Yes |
| Bedroom | :4.65 m x 2.29 m |
|---|---|
| Bathroom | :2.82 m x 1.47 m |
| Kitchen | :4.55 m x 2.87 m |
| Bathroom | :1.92 m x 1.93 m |
| Bedroom | :4.52 m x 2.9 m |
| Living Room | :5.03 m x 4.47 m |
| Bedroom | :5.44 m x 2.82 m |
|---|---|
| Bedroom | :3.91 m x 2.84 m |
| Living Room | :2.54 m x 2.79 m |
| Kitchen | :2.54 m x 2.79 m |
| Bedroom | :4.47 m x 3.51 m |
| Laundry | :1.57 m x 0.84 m |
| Exterior Finish | :Brick |
|---|---|
| Parking Space | :4 |
| Basement | :Finished with Walk-Out |
| Garage | :Detached |
|---|
06 Jan, 2025
TREB #X11908408
Listed
$675,000
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