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Investment signal

$699,000

243 GIBSON AVENUE

Beds

5

Baths

4

Sqft

Year

Location

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About this home

Excellent Turnkey Investment Opportunity In The Heart Of Hamilton! This Well-Maintained Duplex Features Four Self-Contained Units, Each Occupying Its Own Level For Maximum Privacy. Offering Three 1-Bedroom Units And One 2-Bedroom Unit, The Property Delivers Excellent Rental Versatility And Strong Income Potential. Functional Layouts With Bright Interiors Throughout. Situated On A Deep 150 Ft Lot, With Convenient Access To Transit, Schools, Parks, And Amenities. Ideal For Investors Or Multi-Generational Living. Recent Upgrades Include Fresh Paint Throughout, Newer Floors In Upper 3 Units, New Kitchen Cabinets In Third Flr Unit (2025), Roof (2018) (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
Gibson
Lot dimensions
25.8 x 150.3 FT ; 25.87 ft x150.31 ftx25.82 ftx150.31 ft
Bedrooms
4 above grade, 1 below grade
Parking
1 total
Stories
2.5
On market
Apr 19, 2026
Status changed
Apr 19, 2026
Annual tax
$3,483.4 (2026)
Photos
49
MLS#
X13017524
Area
HAMILTON_(GIBSON)

Features and systems

Parking

No Garage

Basement

Apartment in basementSeparate entranceN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveHood FanWater Heater

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Flooring

Laminate

Foundation

Unknown

Lot

Carpet Free
Negative cash flow ~$1,380/mo at these assumptions

Cash on cash

-11.84%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,952

Financing

Down payment$139,800
Loan amount$559,200
Mortgage$3,431/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320
Insurance$80
Maintenance$583
CapEx reserve$291
Vacancy loss$175

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Gibson). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,431/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.

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