$1,339,000 $7,188 est/mo Sourced by Back At You

49 Fairleigh Ave S,Hamilton, ON L8M 2K1

Hamilton ON, L8M 2K1

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Description

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.

Details

MLS#X8350034
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site64
Listing Provided ByRE/MAX ABOUTOWNE REALTY CORP. | Not Provided

Features

Bed(s)2
Bath(s)3
Garage2
BasementY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 3 hours ago
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8M 2K1
AreaHamilton
Community NameGibson
Listing VS Median (in Gibson)
Price:
$1,339,000
low | high
Med:
$0
On Site:
64
low | high
Med:
Sourced by Back At You
Listing Updated: July 10, 2024 at 1:08:42 PM PDT