49 Fairleigh Avenue No longer available

Hamilton, Gibson, L8M 2K1

$999,999

Description

Listed by RE/MAX ABOUTOWNE REALTY CORP..

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

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  • Address: 49 Fairleigh Avenue
  • Neighborhood: Gibson
  • City: Hamilton
  • State: Ontario
  • Postal Code: L8M 2K1

Property Details

  • Property ID: X9513280
  • Property Price: $999,999
  • Style: Detached, 2 1/2 Storey
  • Sq/Ft: 2000-2500
  • Rooms: 5+2
  • Bedrooms: 2+2
  • Bath: 3
  • Garages Spaces: 2
  • Garage: Detached
  • Parking Spaces: 7
  • Year Built: 51-99
  • A/C: Other
  • Basement: Full, Unfinished
  • Central Vac.: N
  • Den: Y
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $4,930.00 (2023)
  • Lot: 105.00x43.00 (Feet)

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100