49 Fairleigh Avenue S, Hamilton, Ontario L8M 2K1

Listed for:
$1,199,000
4 beds
3 baths
Listed 36 days ago
House for rent: 49 Fairleigh Avenue S, Hamilton, Ontario L8M 2K1

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Learn more about this property
Listing provided by:
RE/MAX ABOUTOWNE REALTY CORP.
MLS® number:
X11957411
Agent:
Paul D Butler
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About

Main St E 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:27476)

Property Highlights

MLS® Number
X11957411
Type
Single Family
Community Name
Gibson
Ownership Type
Freehold
Land Size
43 x 105 FT
Parking Space Total
7

Building

Building Type
House
Storeys
2.50
Square Footage
1999.983 - 2499.9795 sqft
Bathrooms Total
3
Bedrooms Above Ground
2
Bedrooms Total
4
Amenities
Separate Electricity Meters
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Street Spotlight - For sale