49 Fairleigh Avenue 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
Square Footage 2,500 sqft
Price per Sqft $479
MLS Listing ID 40695401
Style 3 Storey
Full Baths 3
Abv Grd Liv Area 2,500
Originating Board Hamilton - Burlington
Annual Tax Amount $5,253
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning RES
Direction Main St E
Rooms
Other Rooms None
Basement Separate Entrance,Full,Partially Finished
Kitchen 0
Interior
Interior Features Built-In Appliances,Separate Hydro Meters
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Private Entrance,Separate Hydro Meters
Parking Features Detached Garage,Garage Door Opener,Asphalt
Garage Spaces 2.0
Roof Type Asphalt Shing
Porch Porch
Lot Frontage 43.0
Lot Depth 105.0
Garage Yes
Building
Lot Description Urban,City Lot,Hospital,Library,Place of Worship,Public Parking,Public Transit
Faces Main St E
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 3 Storey
Structure Type Brick Veneer,Shingle Siding
New Construction No
Others
Senior Community No
Tax ID 172020067
Ownership Freehold/None