New Listing
$1,199,000
 $6,436 est/mo Sourced by Back At You

49 Fairleigh Avenue S , Hamilton, ON L8M 2K1

Hamilton, ON L8M 2K1

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Description

Rare opportunity to own this newly renovated three unit home in Hamilton Centre 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 basement 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+). Perfect for a savvy investor or purchaser looking to supplement their mortgage payment. Huge income opportunity to be had, do not miss out on this rare offering. Seller in the works of obtaining permit to finish basement legally, and turning home into legal 4plex. steps to downtown, Go Station and highways, the property is located in a desirable family-friendly neighbourhood.

Details

MLS#40695401
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site2
Listing Provided ByRE/MAX Aboutowne Realty Corp. | Reem Daoud

Features

Bath(s) 3 Total
SQ Feet2,500
Garage2
BasementY
Units1
Building(s)1
ZoningRES
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

StateON
CountyHamilton
CityHamilton
Zip CodeL8M 2K1
Area20 Hamilton Centre
Subarea200 Gibson | Stipley
Community Name200 Gibson/Stipley
Listing VS Median (in 200 Gibson/Stipley)
Price:
$1,199,000
low | high
Med:
$499,000
100% of Average
SqFt:
2,500
low | high
Med:
1,300
98% of Average
$ / SqFt:
$480
low | high
Med:
$384
69.965355745172% of Average
On Site:
2
low | high
Med:
57.000000
3.508771929825% of Average
Sourced by Back At You
Listing Updated: February 5, 2025 at 4:06:14 PM PST