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$675,000
Available - For Sale
Listing ID: X11908408
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 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 potentialdon't miss out!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $37,950 $75,900 $113,850 $151,800
First Mortgage $721,050 $683,100 $645,150 $607,200
CMHC/GE $19,828.88 $13,662 $11,290.13 $0
Total Financing $740,878.88 $696,762 $656,440.13 $607,200
Monthly P&I $3,173.13 $2,984.18 $2,811.48 $2,600.59
Expenses $0 $0 $0 $0
Total Payment $3,173.13 $2,984.18 $2,811.48 $2,600.59
Income Required $118,992.25 $111,906.66 $105,430.58 $97,522.14

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE SIGNATURE REALTY

65 Aikman Aven , Hamilton, L8M 1P8, Hamilton

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Duplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Gibson
Style: 2 1/2 Storey
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $4,928
Maintenance Fee: $0
Beds: 4+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229


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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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