49 Fairleigh Avenue S , Hamilton, ON L8M 2K1
Hamilton, ON L8M 2K1
Description
Rare opportunity to own this FULLY VACANT, 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 | 40669802 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Days On Site | 45 |
| Listing Provided By | RE/MAX Aboutowne Realty Corp., Brokerage | Reem Daoud |
Features
| Beds | 4 |
|---|---|
| Baths | 3 |
| Sq Feet | 2,385 |
| Garage | 2 |
| Basement | Y |
| Storys | 3 |
| Units | 4 |
| Zoning | R1 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Zip Code | L8M 2K1 |
| Area | 20 Hamilton Centre |
| Subarea | 200 Gibson | Stipley |
| Community Name | 200 Gibson/Stipley |
| Listing VS Median (in 200 Gibson/Stipley) | |
Price: $999,999 low | high Med: $539,900 SqFt: 2,385 low | high Med: 1,164 $ / SqFt: $419 low | high Med: $464 On Site: 45 low | high Med: 70.000000 | |