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$1,339,000
Available - For Sale
Listing ID: X8350034
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.
Price $1,339,000
Taxes: $4,930
Assessment: $396000
Assessment Year: 2023
Address: 49 Fairleigh Ave South , Hamilton, L8M 2K1, Ontario
Lot Size: 43 x 105 (Feet)
Directions/Cross Streets: Main St E
Rooms: 5
Rooms +: 2
Bedrooms: 2
Bedrooms +: 2
Washrooms: 3
Kitchens: 1
Kitchens +: 1
Family Room: Y
Basement: Full
Unfinished
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  2 Bsmt
Washroom 3:  4 2nd
Property Type: Detached
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 5
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 2000-2500
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Other
Laundry Level: Lower
Sewers: Sewers
Water: Municipal
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RE/MAX ABOUTOWNE REALTY CORP.

49 Fairleigh Ave South , Hamilton, L8M 2K1, Ontario


 
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At a Glance:
Type: Freehold - Detached
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Gibson
Style: 2 1/2 Storey
Lot Size: 43.00 x 105.00(Feet)
Approximate Age: 51-99
Tax: $4,930
Maintenance Fee: $0
Beds: 2+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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