$749,000 - 11 Holton Avenue, Hamilton
Multi-Family for Sale in Hamilton
Neighbourhood: Gibson
- MLS Number
- X13475376
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 15
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE FLOWER CITY REALTY
Attention 1st time buyers, savvy Investors & Multi-Generational Homebuyers. Discover a rare, turnkey home ideal for 1st time buyers, large families , investment opportunity with this newly and fully renovated duplex, built with premium workmanship . This property sits completely vacant and is ready to generate premium market rents from day one. Property Highlights: Turnkey Rental Income: High rental potential of up to estimated $5,500/ per month ( estimated upwards of $66,000+/year).Separate Unit(s): Features separate entrances, separate laundries, and independent living spaces. Generous Layout: Total of 5+1 bedrooms and 5 bathrooms featuring luxury standing showers. Premium Luxury Finishes: Brand-new flooring, custom kitchens with quartz countertops, high-end appliances, custom glass railings, large windows with new zebra blinds across the entire house and fully restored exterior brickwork. Never lived in post-renovation! 2 separate electrical meters and panels. Brand-new plumbing including replacing/ upgrading to 1"inch copper main supply line . Built to strict permit standards , new doors, trim work, moldings, stainless steel appliances. Security: 24/7 hardwired internal/external HD security camera system (lobby and exterior) and built-in alarm system accessible via mobile app, exterior motion senser light(s), dawn to dusk lights installed. Parking: Dedicated driveway parking for 2 vehicles back-to-back ( tandem) New paint across the house. Glass railings in lobby area, main level unit, and upper-level unit. Custom high-end finishes , unique modern style foyer entrance lobby area. New bathrooms Separate stake able laundry in upper level and main level unit. Hot water rental . Furnace own. Sprinkler system installed in the mechanical area, duct motion senser installed, inspected & tested during home inspections.
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Gibson
Gibson is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Gibson
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Gibson offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
11 Holton Avenue, Hamilton
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $499/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Gibson
I know Gibson well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.