49 Fairleigh Avenue South
History
Details
- MLS®#
- copy
- Type
- Detached
- Style
- 2 1/2 Storey
- Age
- 51-99
- Size (sqft)
- 2000-2500
- Lot Size
- 43.00 × 105.00 Feet
- Parking
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7 Total Parking Spaces
2 Detached Garage
5 Parking Spaces
- Last Update
- 2024-10-28
- Possession Date
- Immediate
- Listing Date
- 2024-10-28
- Basement
- Full, Unfinished
- Fireplace
- N
- Heating
- Gas
- Pool
- None
- Air Conditioning
- Other
- Broker
- RE/MAX ABOUTOWNE REALTY CORP.
About
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.
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The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
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The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.
Investment Analysis
Schools
Elementary (JK-G8)
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Fraser Rank(2018) 2745 / 3064 Elementary English
Secondary (G9-G12)
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Cathedral High School 553 mFraser Rank(2018) 692 / 747 Secondary English Catholic
Neighbourhood
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Nations Fresh Food 2.3 kmUnit 445, 2 King Street West, Hamilton, ON, L8P 1A2
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