49 Fairleigh AVE S Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8M 2K1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X9513280
Style 2 1/2 Storey
Bedrooms 2
Annual Tax Amount $4,930
Tax Year 2023
Property 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.
Location
Province ON
County Hamilton
Area Gibson
Rooms
Family Room Yes
Basement Full,Unfinished
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Carpet Free,Separate Hydro Meter,Water Heater Owned
Heating Yes
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Garage Private
Garage Spaces 5.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Parking Type Detached
Total Parking Spaces 7
Building
Foundation Concrete