10 Fairleigh Avenue

Hamilton, ON L8L 6H2 ( Gibson)

Quick Facts

Type: Detached

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Taxes: $ 3,526 ( 2026)

Updated: 2026-06-16 17:45:13

Description

Exceptional opportunity to own a legal duplex with a separate basement apartment, offering strong income potential and immediate upside. This well-maintained multi-unit property features three self-contained residential units, with two units currently vacant, allowing the new owner to secure market rents immediately or occupy one unit while generating income from the others. Unit 1 (Main Floor): Bright and spacious 1-bedroom apartment. Unit 2 (Upper Level): Large 3-bedroom apartment featuring an expansive finished attic space, ideal for a home office, recreation room, additional living area, or storage. Unit 3 (Basement): Renovated 1-bedroom apartment, updated approximately one year ago. The property previously generated approximately $4,700/month in gross rental income, with rents of approximately $1,400/month (Unit 1), $2,100/month (Unit 2), and $1,250/month (Unit 3). Tenants pay their own utilities, helping minimize operating expenses, and the property benefits from two separate hydro meters. Ideal for investors seeking strong cash flow and long-term appreciation or owner-occupants looking for a mortgage helper, this property offers exceptional flexibility and income-generating potential. The vacant units provide an immediate opportunity to maximize returns based on current market conditions. Conveniently located just minutes from Hamilton General Hospital, the future LRT corridor along Highway 8/Main Street East, West Harbour GO Station, Downtown Hamilton, schools, parks, shopping, public transit, and major commuter routes. This central location provides excellent connectivity and access to Hamilton\'s growing employment, healthcare, and transportation hubs. A rare opportunity to acquire a versatile income-producing property with immediate leasing flexibility, strong rental demand, and outstanding long-term investment potential.

Extras

Detached

Property

Status: For Sale

MLS #: X13451952

Price: $ 588,900

Address: 10 Fairleigh Avenue

Type:

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 3,526

Tax Year: 2026

Lot Size:

Neighbourhood: Gibson

Nearest Intersection: King St E & Sherman Ave S

City: Hamilton

Postal Code: L8L 6H2

DOM: 3 Days

Last Update: 2026-06-16 17:45:13

 

Building

Interior

Bedrooms: 5

Bathrooms: 3

Rooms: 10

Kitchens: 3

Family Room:

Fireplace:

Basement: Apartment Finished,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage: None

Garage Spaces:

Parking Spaces: 0.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms