Rare opportunity to own this FULLY VACANT, newly renovated three unit home in Hamilton 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 basmt 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+). Huge income opportunity to be had. Seller has spent $20k in permits to finish bsmt legally, and turning home into legal 4plex. |
Price | $999,999 |
Taxes: | $4930.00 |
Address: | 49 Fairleigh Ave South , Hamilton, L8M 2K1, Ontario |
Lot Size: | 43.00 x 105.00 (Feet) |
Directions/Cross Streets: | Main St E |
Rooms: | 5 |
Rooms +: | 2 |
Bedrooms: | 2 |
Bedrooms +: | 2 |
Kitchens: | 1 |
Kitchens +: | 1 |
Family Room: | Y |
Basement: | Full, Unfinished |
Approximatly Age: | 51-99 |
Property Type: | Detached |
Style: | 2 1/2 Storey |
Exterior: | Brick |
Garage Type: | Detached |
(Parking/)Drive: | Private |
Drive Parking Spaces: | 5 |
Pool: | None |
Approximatly Age: | 51-99 |
Approximatly Square Footage: | 2000-2500 |
Fireplace/Stove: | N |
Heat Source: | Gas |
Heat Type: | Forced Air |
Central Air Conditioning: | Other |
Laundry Level: | Lower |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX ABOUTOWNE REALTY CORP. |
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Book Showing | Email a Friend |
Type: | Freehold - Detached |
Area: | Hamilton |
Municipality: | Hamilton |
Neighbourhood: | Gibson |
Style: | 2 1/2 Storey |
Lot Size: | 43.00 x 105.00(Feet) |
Approximate Age: | 51-99 |
Tax: | $4,930 |
Beds: | 2+2 |
Baths: | 3 |
Fireplace: | N |
Pool: | None |