49 FAIRLEIGH Avenue S Hamilton

49 FAIRLEIGH Avenue S, Hamilton

$1,199,000

  • 3
2,500 Square Feet

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:58875)

  • Listing ID: 40695401
  • Property Type: Single Family
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Rooms

LevelTypeDimensions
Second Level4pc BathroomMeasurements not available
Third Level3pc BathroomMeasurements not available
BasementLaundry RoomMeasurements not available
Main Level3pc BathroomMeasurements not available

Details

  • Architectural Style: 3 Level
  • Amenities Nearby: Hospital, Place of Worship, Public Transit
  • Features: Paved driveway
  • Ownership: Freehold
  • Parking Spaces: 7
  • Structure: Porch
  • Transaction: For sale
  • Zoning Description: RES

Building

  • Appliances: Garage door opener
  • Architectural Style: 3 Level
  • BasementType: Full (Partially finished)
  • Basement Development: Partially finished
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Exterior Finish: Brick Veneer, Shingles
  • Fireplace Present: False
  • Foundation: Block
  • Bathrooms (Total): 3
  • Heating: Forced air
  • Size Interior: 2500 sqft
  • Stories Total: 3
  • Type: House
  • Utility Water: Municipal water

Land

  • Amenities: Hospital, Place of Worship, Public Transit
  • Sewer: Municipal sewage system
  • Size Depth: 105 ft
  • Size Frontage: 43 ft

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This property for sale, located at 49 FAIRLEIGH Avenue S in Hamilton, was last modified on February 5th 2025. Let us connect you with one of our real estate agents to schedule a viewing or to find other properties for sale in Hamilton.

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