65 Aikman Avenue For Sale

Hamilton, Gibson, L8M 1P8

$675,000

Description

Listed by ROYAL LEPAGE SIGNATURE REALTY.

An exceptional investment opportunity awaits at 65 Aikman Avenue in Hamiltons vibrant Gibson neighborhood. This legal duplex includes full architectural and mechanical drawings, approved minor variances, and transferable development charges, streamlining its conversion into a fourplex.With over $130,000 allready spent to kick start the projec and an open permit in place, investors can start renovations immediately upon closing, significantly reducing holding costs. Each unit features separate egresses, ensuring tenant safety and privacy. Parking is ample, with two front spots and two rear spots, including a detached garage off the laneway. Currently vacant, the duplex offers two spacious three-bedroom units, allowing for immediate transformation. Post-conversion, the estimated gross rental income is $5,800/month, with potential to reconfigure the layout for even greater returns. Situated in Gibson, a neighborhood known for its livability, affordability, and accessibility, residents enjoy proximity to schools, parks, transit, and local hotspots. A rare, value-add opportunity to maximize rental potential don't miss out!

Location

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  • Address: 65 Aikman Avenue
  • Neighborhood: Gibson
  • City: Hamilton
  • State: Ontario
  • Postal Code: L8M 1P8

Property Details

  • Property ID: X11908408
  • Property Price: $675,000
  • Style: Duplex, 2 1/2 Storey
  • Rooms: 12+3
  • Bedrooms: 4+2
  • Bath: 2
  • Garages Spaces: 1
  • Garage: Detached
  • Parking Spaces: 4
  • A/C: Window Unit
  • Basement: Fin W/O
  • Central Vac.: N
  • Den: Y
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $4,928.00 (2024)
  • Lot: 100.00x24.00 (Feet)

Room details and dimensions

Statistics for similar Duplex homes in Gibson

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Duplex homes in Gibson

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Duplex homes in Gibson

Property History

This property has been sold 6 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100