49 Fairleigh Ave S

Hamilton, ON L8M 2K1 (Gibson)

Quick Facts

Type: Detached

Style: 2 1/2 Storey

Size: 2000-2500 Sq Ft

Age: 51-99 Years

Taxes: $4,930 (2023)

Updated: 2024-11-08 08:40:57

Description

Rare opportunity to own this FULLY VACANT, newly renovated three unit home in Hamilton with potential for a large fourth unit in the basement! Buyer to set their own rent at market value. The house comes equipped with 3 units. Unit 1 is a vacant two-bedroom suite with the income potential of $2,400+ (Also great for Airbnb), Unit 2 is a newly renovated vacant two-bedroom unit ($2,300), and unit 3 features a really cool bachelor loft space on the 3rd floor, with the income potential of $1,550+. The Gross Annual income is $78,600.00. This is a Rare offering and huge opportunity to increase your annual income by finishing the basmt which could bring an additional income of $1,500+ per month. The property features a large Double lot (43 x 105) ft lot, a massive driveway with 5+ parking spots and an oversized two-car garage with forecasted rent of ($400+). Huge income opportunity to be had. Seller has spent $20k in permits to finish bsmt legally, and turning home into legal 4plex.

Extras

Property

Status: Sale

MLS #: X9513280

Price: $999,999

Address: 49 Fairleigh Ave S

Type: Detached

Style: 2 1/2 Storey

Size: 2000-2500 Sq Ft

Age: 51-99 Years

Front On: E

Taxes: $4,930

Tax Year: 2023

Lot Size: 43 x 105 Feet

Neighbourhood: Gibson

Nearest Intersection: Main St E

City: Hamilton

Postal Code: L8M 2K1

DOM: 13 Days

Last Update: 2024-11-08 08:40:57

Building

Interior

Bedrooms: 4

Bathrooms: 3

Rooms: 5

Kitchens: 2

Family Room: Y

Fireplace: N

Basement: Full, Unfinished

Central Vacuum:

Exterior

Exterior: Brick,

Driveway: Private

Garage: Detached

Garage Spaces: 2

Parking Spaces: 5

Pool: None

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Other

Water: Municipal

Sewers: Sewers

Features

Rooms