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39
$725,000 Sale
Listed 22 hours ago
58 Arthur Avenue N
· 4
· 4
· 2
· 1996
Key Facts
Key facts for 58 Arthur Avenue N
Property Type
Other
Parking
Outside/Surface/Open 2 parking
MLS #
40872311
Size
1996 sqft
Basement
Walk-Out Access,Full,Finished
Listed on
2026-10-20
Lot size
-
Tax
$3,800 /yr
Days on Market
1
Year Built
1905
Maintenance Fee
-
Description
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, stainle...ss 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., Directions:Wilson then south on Arthur Ave N, Exclusions:Tenant Belongings.
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Listing courtesy of: eXp Realty