58 ARTHUR AVENUE N, Hamilton (Gibson)
$725,000
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 4 bedrooms, 4 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X14097326
- Neighbourhood
- Gibson
Turnkey 4-unit investment in Hamilton's Gibson neighbourhood. This legal duplex plus 2 additional units offers a total of 4 self-contained units, fully tenanted and ready for the next owner to take over. Fully renovated in 2021, all units feature modern finishes including quartz countertops, stainless steel appliances, vinyl plank flooring, subway tile backsplashes and renovated bathrooms. The main floor (Unit 1) is a 1 bed, 1 bath, the second floor (Unit 2) is a 2 bed, 1 bath, Unit 3 is a bachelor with 1 bath, and the basement (Unit 4) is a 1 bed, 1 bath. Current gross rent is $5,585/month ($67,022/year), current net operating income is approx. $53,564/year, a 7.4% cap rate. Income and expense summary available on request. The property has 2 hydro meters and 2-car parking at the rear, accessible from both the front and the back of the property, plus street parking. Close to King St E shops and transit, the future LRT line, schools and parks, with downtown Hamilton minutes away.
Sold data
Multiplex homes in Hamilton (Gibson) — recent sold market
Multiplex homes in Hamilton (Gibson) took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 67, across 85 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 124 days.
The median sale price was $769,900.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
- Median days to sell
- 39
- Median sale price
- $769,900
- Sale-to-list ratio
- 96.7%
- Sold above asking
- 9%
Based on 85 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Hamilton (Gibson)
Hamilton (Gibson) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
- Rated schools
- 130
- Elementary
- 108
- Secondary
- 22
- Average rating
- 5.6 / 10
Top-rated schools in Hamilton (Gibson)
- Corpus Christi — elementary, HamiltonFraser rating 10.0/10
- Norwood Park — elementary, HamiltonFraser rating 8.4/10
- Pope John Paul II — elementary, HamiltonFraser rating 8.0/10
- Our Lady of Lourdes — elementary, HamiltonFraser rating 7.3/10
- Westmount — secondary, HamiltonFraser rating 7.3/10
- Sacred Heart — elementary, HamiltonFraser rating 7.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 58 ARTHUR AVENUE N
$925,000
Multiplex7+252,500–3,000 sqft526 KING STREET E, Landsdale, Hamilton
$849,999
Townhouse441,500–2,000 sqft1469 WATERCRESS WAY, 1051 - Walker, Milton
$759,902
Detached4+141,500–2,000 sqft83 YATES AVENUE, Cambridge
$499,900
Townhouse441,600–1,799 sqft15 - 38 ELORA DRIVE, Fessenden, Hamilton
$959,000
Townhouse4+141,500–2,000 sqft96 GARRISON VILLAGE DRIVE, 101 - Town, Niagara-on-the-Lake
$679,900
Townhouse341,500–2,000 sqft19 HIBISCUS LANE, Vincent, Hamilton
$1,099,000
Detached5+152,000–2,500 sqft202 FAIR STREET, Meadowlands, Hamilton
$999,000
Detached442,000–2,500 sqft12 CREEKWOOD PLACE, Dundas, Hamilton