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Home ON Greater Hamilton Hamilton Old Hamilton Gibson
49 FAIRLEIGH Avenue S
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49 FAIRLEIGH Avenue S $999,999
$999,999
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49 FAIRLEIGH Avenue S
Hamilton, Ontario L8M2K1

MLS® Number: 40669802
4
Bedrooms
3
Bathrooms
2385
Square Feet

Listing 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. (68256734)

Location Description

Queen to Fairleigh South

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
3
Square Footage
2385 sqft
Subdivision Name
200 - Gibson/Stipley
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$4,930
Parking Type
Detached Garage
Time on REALTOR.ca
19 days

Building

Bathrooms
Total
3
Interior Features
Appliances Included
Window Coverings, Garage door opener
Basement Type
Full (Partially finished)
Building Features
Foundation Type
Block
Total Units
4
Heating & Cooling
Cooling
Central air conditioning
Heating Type
(Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Shingles
Neighbourhood Features
Amenities Nearby
Hospital, Park, Schools
Parking
Parking Type
Detached Garage
Total Parking Spaces
7

Measurements

Square Footage
2385 sqft
Above Grade Finished
2385 sqft
Source: Other

Land

Lot Features
Frontage
43 ft
Land Depth
105 ft
Other Property Information
Zoning Description
R1
Data provided by: The Oakville, Milton & District Real Estate Board 208 - 400 Main Street East, Milton, Ontario L9T 4X5

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