$620K · 6 bed Triplex · Gibson, Hamilton

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About this home

This legal duplex offers two self-contained units, making it a versatile opportunity for investors seeking reliable rental income and long-term growth. One of the units features a bright and open living room located in the loft, where high ceilings and large windows create a spacious, inviting atmosphere. Situated in Hamilton's Gibson neighbourhood, just minutes from downtown, the property benefits from excellent access to schools, parks, shopping, and transit. Its central location places tenant…

Property details

MLS#

X13447470

Status

Buy Now

Beds

Baths

3 full, 0 half

Size

1500-2000

Style

2 1/2 Storey

Type

Triplex

Year built

—

Roof: Asphalt Shingle
Foundation: Concrete Block
Property features: Other, Public Transit, Place Of Worship, Park, School

Garage: None
Garage spaces: 0
Parking: 0 total
Lot: 25 × 70
Heating: Radiant
Heating fuel: Gas
Cooling: None
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: North
Cross street: Birch Ave and Wilson St
Basement: Full, Finished
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: —

Rooms

Level	Room	Dimensions
Main	Kitchen	3.94m × 2.77m
Main	Bathroom	1.65m × 1.98m
Main	Living Room	4.65m × 3.45m
Main	Bedroom	3.73m × 4.27m
Main	Laundry	3.35m × 2.13m
Basement	Bathroom	3.3m × 2.54m
Basement	Bedroom	4.78m × 2.46m
Basement	Bedroom	2.95m × 3.17m
Second	Kitchen	3.35m × 2.51m
Second	Bedroom	3.81m × 3.12m
Second	Bedroom	3.2m × 3.58m
Second	Bedroom	3.43m × 2.97m
Second	Bathroom	1.85m × 2.44m
Third	Living Room	8.36m × 5.18m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $619,900✓ $1,713 tax✓ Gas✓ 1500-2000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,686/mo

incl. closing costs (yr 1)

Annual total

$56,236

year 1

Mortgage only

$2,352/mo

principal + interest

Beyond mortgage

$1,137/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$123,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$143/mo

Utilities

Hydro / electricity$123/mo

≈ $0.07/ft² × ~1,750 ft² · ON avg ~$123/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,199/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,873

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)50% $28,221/yr

Property taxes19% $10,586/yr

Utilities8% $4,530/yr

Insurance & security3% $1,600/yr

Maintenance11% $6,199/yr

Closing costs9% $5,100/yr

Mortgage is 50% of your true cost of ownership. The other 50% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$28,221	$2,352/mo
Government & taxes
Property tax	$1,713	$143/mo
Land transfer tax(closing)	$8,873	$739/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,470	$123/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,199	$517/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$56,236	$4,686/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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647 Wilson Street

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Property details

Additional listing data

Rooms

Sales History

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Annual costs