The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
The Gibson School, a unique residential conversion project located at 601 Barton Street East, Hamilton. The Gibson School is a Property of Cultural Heritage value with the main portion of the building being constructed in 1914 and operating as a school until 2009. There was an addition made to southern portion of the building in 1963 with the construction of a gymnasium and an administrative wing. The building contains a gross floor area of + 37,100 sq. ft. with a basement containing an additional 15,900 sq. ft. situated on 1.22 acres of land. The site was planned as a conversion project where the existing school would be converted into 47 loft-style units ranging in size from500 sq. ft. to 1,400 sq. ft. consisting of studio, one-bedroom, two bedroom, and live/work or townhouse style units. The project was planned to incorporate the existing historical elements of the school including the original floors and brick walls throughout the building .Parking for the Project was planned be provided at-grade through the conversion of the existing school yard and a new parking lot at the south west corner of the Site. Within the originally proposed site plan, the existing school yard was planned to contain 35 parking spaces, and an additional 5 spaces would be provided by a new parking lot on site.
Demographic data is not available for this area yet.
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Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$24,316/mo
Mortgage (principal + interest)$24,316
Minimum 20% ($1,300,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$1,300,000
Ontario land transfer taxProvincial brackets, no first-time refund$148,975
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$1,451,775
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Hamilton has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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