49 Fairleigh Avenue S Hamilton, Ontario L8M 2K1

$999,000

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 two-bedroom suite with the income of $2,200, Unit 2 is a newly renovated two-bedroom unit ($1,800), and unit 3 features a really cool bachelor loft space on the 3rd floor, with the income potential of$1,400. The Gross Annual income is $64,800.00. 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:55460)

Property Details

MLS® Number	X13144184
Property Type	Single Family
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
Age	51 To 99 Years
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	2,500 - 3,000 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

https://www.realtor.ca/real-estate/29770834/49-fairleigh-avenue-s-hamilton-gibson-gibson