$569,000

For sale

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647 Wilson Street, Hamilton (Gibson) - Multi-family for Sale

647 Wilson Street, Hamilton (Gibson), Ontario, L8L1V3

6 beds3 baths0 parking ft²

35 Sherman Avenue North, Hamilton (Gibson), Ontario, L8L6L9

5 bd2 ba1 pk1,300 ft²Lot size 21 × 90 ft (1,890 sq ft)

Listed by ROYAL LEPAGE STATE REALTY

58 Arthur Avenue North, Hamilton (Gibson), Ontario, L8L6C5

For sale

15 days ago

$725K

58 Arthur Avenue North, Hamilton (Gibson), Ontario, L8L6C5

4 bd4 ba2 pk1,750 ft²Lot size 25 × 79 ft (1,970 sq ft)

↓ $25K (3%) price drop

75-77 Sherman Avenue South, Hamilton (Gibson), Ontario, L8M2P8

8 bd4 ba5 pk4,250 ft²Lot size 52 × 110 ft (5,720 sq ft)

Listed by ROCK STAR REAL ESTATE INC.

For salePrice drop

44 days ago

$900K$925K

↓ $25K (3%) price drop

75-77 Sherman Avenue South, Hamilton (Gibson), Ontario, L8M2P8

4 ba5 pk4,000 ft²Lot size 52 × 110 ft (5,720 sq ft)

Listed by ROCK STAR REAL ESTATE INC.

Investment analysis

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$569,000

Hamilton

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25 × 70 ft (1,750 sq ft) lot size

Overview

This multi-family property in Hamilton is for sale offering roughly 1,750 sq ft of space. It has been on the market 79 days, fresher than the Hamilton average of 87 days.

Multi-Family Properties for Sale in Hamilton →All real estate in Hamilton →

Description

This legal duplex offers two self-contained units, providing a practical investment with steady rental income and long-term growth potential. One unit includes a loft living room with high ceilings and large windows. The property has a brand-new roof under warranty, reducing future maintenance concerns. Located in Hamilton's Gibson neighbourhood, minutes from downtown, it offers convenient access to schools, parks, shopping, transit, Barton Street, Sherman Avenue, and major roadways, with quick connections to Hamilton's downtown core for restaurants, entertainment, and business services. (id:66096)

Property Details

MLS®: X13683460
Property Type: Multi-family
Zoning: R1a
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 3
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 25 × 70 ft (1,750 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Finished, Full
Heating: Radiant heat, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,200/yr
Listed: 79 days ago

Rooms

Main level

Kitchen: 2.77 x 3.94 meters
Bathroom: 1.98 x 1.65 meters
Living room: 3.45 x 4.65 meters
Bedroom: 4.27 x 3.73 meters
Laundry room: 2.13 x 3.35 meters

Second level

Bedroom: 3.58 x 3.2 meters
Bedroom: 2.97 x 3.43 meters
Bathroom: 2.44 x 1.85 meters
Kitchen: 2.51 x 3.35 meters
Bedroom: 3.12 x 3.81 meters

Third level

Living room: 5.18 x 8.36 meters

Basement

Bathroom: 2.54 x 3.3 meters
Bedroom: 2.46 x 4.78 meters
Bedroom: 3.17 x 2.95 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Range, Dryer, Microwave
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

79d

Hamilton (Gibson) listings, avg age

87d

Price / ft²

$325

List price

$569K

Haho

This 6-bed multi-family in Hamilton (Gibson) has been listed for 79 days, which is 8 days fresher than the city average of 87. Act while there is still low competition.

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Listed by Real Broker Ontario Ltd. · MARK LOEFFLER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8L)

This home lists at $569,000, about 8.8× the local median household income of $65,000.

Carrying it typically needs a household income of about $111,146 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.

Median household income: $65,000
Population: 32,312
Median age: 36.4
Owner / renter: 52% / 48%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L8L)

$569,000· $325/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,900.00

Min 5.61%50%

Mortgage payment$2,978/mo

↳ CMHC premium ($21,484 capitalized)

Property tax (est.)$267/mo

Total monthly$3,244

Cash Needed to Close

Down payment (5.61%)$31,900

Land transfer tax$7,855

Est. closing costs$4,207

Total cash needed$43,962

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