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$999,999
Available - For Sale
Listing ID: X10404510
Rare opportunity to own this FULLY VACANT, 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.
Price $999,999
Taxes: $4,930
Assessment: $396000
Assessment Year: 2016
Occupancy by: Vacant
Address: 49 FAIRLEIGH Ave South , Hamilton, L8M 2K1, Ontario
Postal Code: L8M 2K1
Province/State: Ontario
Legal Description: PT LT 34, PL 399 ; PT RESIDENCE RESERVE,
Lot Size: 43.09 x 105.05 (Feet)
Directions/Cross Streets: Queen to Fairleigh South
Zoning: R1
Total Area: 2,385
Total Area Code:  Sq Ft
Area Influences: Park  
Insurance Expense: $1733
Maintenance: 1,800
 Heat Expenses: $2040
 Hydro Expense:  $1080
Expenses Actual/Estimated: $Act
Central Air Conditioning: Central Air
Sewers: Sewers
Water: Municipal
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RE/MAX Aboutowne Realty Corp., Brokerage

49 FAIRLEIGH Ave South , Hamilton, L8M 2K1, Ontario

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Gibson
Style:
Lot Size: 43.09 x 105.05(Feet)
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Tax: $4,930
Maintenance Fee: $1,800
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Baths: 3
Garage: 0
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949