49 Fairleigh Avenue S, Hamilton, Ontario L8M 2K1 (27880367)


LOADING

4 Bedroom 3 Bathroom 2,000 - 2,500 ft2
Forced Air

$1,199,000

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. (id:54662)

Property Details

MLS® Number X11957411
Property Type Single Family
Neigbourhood Gibson
Community Name Gibson
Features Carpet Free
Parking Space Total 7

Building

Bathroom Total 3
Bedrooms Above Ground 2
Bedrooms Below Ground 2
Bedrooms Total 4
Amenities Separate Electricity Meters
Appliances Water Heater
Basement Development Unfinished
Basement Type Full (unfinished)
Construction Style Attachment Detached
Exterior Finish Brick
Foundation Type Concrete
Half Bath Total 1
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2,000 - 2,500 Ft2
Type House
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 105 Ft
Size Frontage 43 Ft
Size Irregular 43 X 105 Ft
Size Total Text 43 X 105 Ft
Zoning Description Res

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Paul D Butler
Broker

(416) 276-3460
(416) 276-3460
www.butler.ca/

RE/MAX Aboutowne Realty Corp.
1235 North Service Rd W #100d
Oakville, Ontario L6M 3G5

(905) 338-9000