Home with brick exterior material, street for 65 Aikman Ave, Hamilton Ontario L8M 1P8
56 days on Market

65 Aikman Ave, Hamilton, Ontario L8M 1P8

Townhouse
4 + 2
2
- sqft
$675,000
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Townhouse
4 + 2
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$2,899/mo

Tax Amount (2024)$4,928/yr

Days On Market56 days


Description

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!


Property Details

Style2 1/2 Storey
View-
Age of property-
SqFt-
Lot Size2,400 SqFt(100 x 24)
Parking Spaces4
MLS ®NumberX11908408
Community NameGibson
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Window Unit
Basement: Fin W/O

Bsmt Floor

Br

5.44 x 2.82

Bathroom

2.82 x 1.47

Br

4.65 x 2.29


Features

Lot size: 2,400 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 3

Total parking spaces 4


Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage

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Population and Demographics

Overview

Total population 7422
Average household income $86,536

Age (%)

20 to 34
26%
0 to 19
23%
35 to 49
20%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
51%
Single person
40%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
81%
Spanish
3%
Arabic
2%
Portuguese
2%
Somali
2%
Vietnamese
2%
Others
2%
French
1%
Italian
1%

House tenancy (%)

Renters
60%
Owners
40%

Schools and amenities

Estimated Budget