$1,659,000
For sale: Multiplex

Excellent investor opportunity.Fully leased residential 8 unit bulding with excellent income. Six 2 bedroom and two 1 bedroom apartments. Large layouts. 2 parking spaces. Many upgrades including, new furnaces, new roof, renovated suites, coin op laundry, 9 hydro meters, tenants pay gas and hydro (individually metered) This is a turn key investment property on a beautiful boulevard.
Sold data
Multiplex homes in Hamilton (Gibson) took a median of 42 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 87 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 114 days.
The median sale price was $769,900.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 87 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
Hamilton (Gibson) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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