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Home ON Greater Hamilton Hamilton Old Hamilton Gibson
49 FAIRLEIGH AVENUE S
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49 FAIRLEIGH AVENUE S $1,199,000
$1,199,000
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49 FAIRLEIGH AVENUE S
Hamilton (Gibson), Ontario L8M2K1

MLS® Number: X11957411
2 + 2
Bedrooms
3
Bathrooms
2000 - 2500
Square Feet

Listing 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. (39837778)

Location Description

Main St E

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2.5
Square Footage
2000 - 2500 sqft
Community Name
Gibson
Title
Freehold
Land Size
43 x 105 FT
Age Of Building
51 to 99 years
Annual Property Taxes
$5,253.08
Parking Type
Detached Garage, Garage
Time on REALTOR.ca
51 days

Building

Bedrooms
Above Grade
2
Below Grade
2
Bathrooms
Total
3
Partial
1
Interior Features
Appliances Included
Water Heater
Basement Type
Full (Unfinished)
Building Features
Features
Carpet Free
Foundation Type
Concrete
Style
Detached
Building Amenities
Separate Electricity Meters
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
Detached Garage, Garage
Total Parking Spaces
7

Measurements

Square Footage
2000 - 2500 sqft

Land

Lot Features
Frontage
43 ft
Land Depth
105 ft
Other Property Information
Zoning Description
RES
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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