49 Fairleigh Ave S, Hamilton, L8M 2K1
$1,400,000 • 2 + 2 Bed • 3 Bath
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 in the works of obtaining permit to finish bsmt legally, and turning home into legal 4plex.
|Approx. Age||51-99 years|
|Heating||Gas, Forced Air|
|Parking||5 + 2 x Detached Garage|
- Air conditioning
- Family Room