Home with brick exterior material for 49 Fairleigh Ave, Hamilton Ontario L8M 2K1
56 days on Market

49 Fairleigh Ave, Hamilton, Ontario L8M 2K1

Townhouse
-
3
~2385 sqft
$999,999
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Townhouse
-
3
~2385 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$419/sqft

Est. Mortgage$4,295/mo

Tax Amount (2023)$4,930/yr

Days On Market56 days


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.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~2385 SqFt
Lot Size4,526 SqFt(105.05 x 43.09)
Parking Spaces7
MLS ®Number40669802
Community NameGibson
Data SourceITSO
Listing byRE/MAX Aboutowne Realty Corp., Brokerage

Features

Heating: Natural Gas
Cooling: Central Air
Basement: Full, Partially Finished

Features

Lot size: 4,526 SqFt
Sewer (Municipal)

Parking

Garage spaces 2

Garage type -

Other parking spaces 5

Total parking spaces 7


Property listed by RE/MAX Aboutowne Realty Corp., Brokerage, Brokerage

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Population and Demographics

Overview

Total population 7422
Average household income $86,536

Age (%)

20 to 34
26%
0 to 19
23%
35 to 49
20%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
51%
Single person
40%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
81%
Spanish
3%
Arabic
2%
Portuguese
2%
Somali
2%
Vietnamese
2%
Others
2%
French
1%
Italian
1%

House tenancy (%)

Renters
60%
Owners
40%

Schools and amenities

Estimated Budget