23 Gibson Avenue, Hamilton
Welcome to 23 Gibson Avenue, an exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood. This extensively renovated 2.5-storey property features three self-contained units, offering an attractive combination of established rental income and immediate upside with one unit currently vacant. Renovated extensively back to the studs, this property provides investors with the benefit of major improvements already completed while offering a versatile multi-unit layout. The lower level features a tenanted 1-bedroom unit currently generating $1,001/month. The vacant main-floor 1-bedroom unit was previously rented for $1,600/month, providing the opportunity to secure a new tenant or accommodate an owner-occupier. The upper unit spans the second floor and loft, offering two bedrooms and currently generating $1,900/month. With the two occupied units producing $2,901 in monthly rental income and the potential for approximately $4,501/month based on the previous rent of the vacant unit, this is a compelling opportunity for both seasoned and first-time investors. Located in the established Gibson/Stipley neighbourhood, close to transit, shopping, schools, parks, and Hamilton’s downtown core, 23 Gibson Avenue offers convenient access to the amenities tenants value. Whether you're looking to expand your portfolio, enter the investment market, or explore an owner-occupied opportunity while generating rental income, this extensively renovated three-unit property deserves your attention. Book your private showing today! (id:1945)
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Property details for 23 Gibson Avenue, Hamilton
- Type
- Residential
- Style
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,850 square feet
- Stories
- 2.5
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Exterior
- Stone, Vinyl siding, Brick Veneer
- Ownership
- Freehold
- Annual Taxes
- $2,938
Nearby Listings Stat
Estimated price and comparable properties near 23 Gibson Avenue
Active Listings
34
Min Price
$330,700
Max Price
$824,850
Avg Price
$642,564
Days on Market
62
days
Sold Listings
11
Min Sold Price
$589,000
Max Sold Price
$1,149,000
Avg Sold Price
$790,597
Days until Sold
67
days
Neighbourhood Census Data
Hamilton, Ontario
Population
470
Median Age
36.8
Median Income
$24,832
Dwelling Value
$295,383
Housing Tenure
Owners 33%
Renters 67%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 6,831.4/km²
Avg Shelter Cost: $1,329/mo
Owners with Mortgage: 68.8%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 43.3%
English only: 91.4%
English and French: 6.5%
Neither: 1.1%
Median Household Income: $43,200
Median Employment Income: $26,688
Price History
Listed
September 17, 2026
by Keller Williams Complete Realty
Current Price
$699,900
Type
Residential
For Sale
