49 FAIRLEIGH Avenue S, Hamilton, Ontario, L8M2K1

Property Description

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 two-bedroom suite with the income of $2,200, Unit 2 is a newly renovated two-bedroom unit ($1,800), and unit 3 features a really cool bachelor loft space on the 3rd floor, with the income potential of $1,400. The Gross Annual income is $64,800.00. 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.

Quick Facts

• Property Type: Triplex (Freehold)
• Bedrooms: 4
• Bathrooms: 3
• Living Area: 2,385 sq ft (221.6 m²)
• Above Grade: 2,385 sq ft (221.6 m²)
• Ownership: Freehold
• Attached: Yes
• Parking: 7.0 spaces (Detached Garage)
• Frontage: 43 ft (13.1 m)
• Basement: Unfinished, Full
• Amenities: Community Centre

Costs

• Annual Taxes: $5,928.67