243 Gibson Avenue
Gibson, Hamilton
$639,000
Excellent Turnkey Investment Opportunity In The Heart Of Hamilton! This Well-Maintained Duplex Features Four Self-Contained Units, Each Occupying Its Own Level For Maximum Privacy. Offering Three 1-Bedroom Units And One 2-Bedroom Unit, The Property Delivers Excellent Rental Versatility And Strong Income Potential. Functional Layouts With Bright Interiors Throughout. Situated On A Deep 150 Ft Lot, With Convenient Access To Transit, Schools, Parks, And Amenities. Ideal For Investors Or Multi-Generational Living. Recent Upgrades Include Fresh Paint Throughout, Newer Floors In Upper 3 Units, New Kitchen Cabinets In Third Floor Unit (2025), Roof (2018)
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,483 |
| Lot Size | 25.82 ft x 150.31 ft |
| mls© Number | X13811084 |
| Listed By | CENTURY 21 HERITAGE GROUP LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,271
- Property tax
- $290
- Heat allowance
- $150
- Housing costs
- $3,711 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$114,000
gross annual household income
- Payment at 4%
- $2,689 / mo
- Cash down
- $127,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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