Rare opportunity to own this 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.
RE/MAX Aboutowne Realty Corp.
$1,199,000
49 Fairleigh Avenue S, Hamilton, Ontario
0 Bedrooms
3 Bathrooms
Property
MLS® Number: 40695401
Address: 49 Fairleigh Avenue S
City: Hamilton
Style: 3 Storey
Lot Size: 105.0ft x 43.0ft
Utilities
Central Air: Yes
Heating: Forced Air
Parking
Parking Spaces: 7
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
92/100Walk Score®
Walker's Paradise
Wondering what your commute might look like? Get Directions
Location
