Address
49 FAIRLEIGH AVENUE S, Hamilton, ON
Price
$ 1,339,000
Property Attributes
  • ID#X8350034
  • TypeSingle Family
  • CityHamilton
  • NeighbourhoodGibson
  • Postal CodeL8M 2K1
  • Style
  • Price$ 1,339,000
  • Bedrooms4
  • Bathrooms3
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)

General Features

Property Type Single Family
CommunityName Gibson
Building Appliances Water meter,Window Coverings
Parking Space Total 7
Foundation Type Concrete
Building Type House
Ownership Type Freehold
Building.StoriesTotal 2.5

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Natural gas
Basement Development Unfinished
Basement Type Full (Unfinished)
Construction Style Attachment Detached

Exterior Features

Sewer Sanitary sewer
Exterior Finish Brick

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in L8M 2K1

Price
AVG $1.34M
$1.34M
Visits
AVG 105
106
Data Provided by Inside Real Estate®