13 Westinghouse Avenue
Hamilton (Gibson), ON L8L 6E4
- 9Bedrooms
- 6Bathrooms
- 4Parking
- 3000–3500Sq Ft
- $4,727Tax
- 26×102 ftLot Size
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About 13 Westinghouse Avenue, Hamilton, Gibson
Presenting a rare opportunity to acquire a Purpose-Built Legal 6-Plex in the Heart of Hamilton. This property features 3 renovated units, with 3 additional units offering significant potential for improvements. Current annual rental income of $75,718 with a potential gross rent of $107,683, providing a 40% upside on rents. The building consists of three 1-bedroom and three 2-bedroom units, each with separate hydro meters.Key features include 4 parking spaces, coin-operated laundry, two gas furnaces, updated breaker panels, and a new commercial hot water tank. Located near Hamilton General Hospital and major developments such as the redeveloped Westinghouse HQ, this property benefits from the ongoing growth and investment in the area. Don't miss the chance to add a strong asset to your portfolio in Hamilton's thriving Gibson neighborhood. Appraised for $975k in Aug 2024. Financials available upon request.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,727
- Land Transfer Tax Fee
- $13,673
- Basement Type
- None
Interior Features
- Laundry Level
- Main Level
- Interior Extras
- Other, Separate Heating Controls, Separate Hydro Meter
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Park, Public Transit, Hospital
Building
- Building Type
- Multiplex
- Building Style
- 3-Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Rolled
- Foundation Details
- Other
- Special Designation
- Unknown
Lot
- Lot Front
- 25.58 ft
- Lot Depth
- 102.22 ft
- Lot Shape
- Rectangular
Inclusions
- Inclusions
- 6 x Fridge, 6 x Stove, Coin Washer/Dryer, Unit 5 Furnishings, Unit 6 Furnishings
Exclusions
- Exclusions
- Tenant belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 4
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Wall Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 9
- Washrooms
- 6
- Kitchens
- 6
Washrooms
- 3-piece, Ground
- 3-piece, Second
- 3-piece, Third
- Municipality
- Hamilton
- Neighbourhood
- Gibson
- Main cross streets
- Westinghouse / Barton St E
- Zoning
- M6
- Directions
- Barton to Westinghouse
- MLS® number
- X11997323
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-04-05
- Listed on
- 2025-03-03
- Days on market
- 33 days
- Possession type
- Flexible
- Co-op commission
- 2% + HST
- Seller
- Listed by
- Keller Williams Signature Realty, Brokerage
Home Market Value
Current home valuation for 13 Westinghouse Avenue, Hamilton, Gibson, Hamilton, ON. Listed for $859,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 13 Westinghouse Avenue, Hamilton, Gibson
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $359,900 over $500K
$60,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $31,954 | $23,991 | $20,466 | $0 |
=Total mortgage | $830,801 | $797,901 | $751,381 | $687,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,056monthly | $3,896monthly | $3,669monthly | $3,359monthly |
Land Transfer Tax
$13,673
$13,673
Around this home
No schools found nearby
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