Listed by Re/Max Aboutowne Realty Corp..

49 Fairleigh Avenue S is a Detached, 2 1/2 Storey and is currently for Sale @ $1,339,000. Taxes in 2023 were $4,930.00.

More homes for sale under 1.3M in Hamilton

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 2 1/2 Storey on 49 Fairleigh Avenue S has 2 bedrooms, 3 bathrooms, and is located on a 105.00 x 43.00 ft lot in the community of Gibson . 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.

The address 49 Fairleigh Avenue S was listed for sale (MLS# X8350034) on Friday, May 17, 2024.