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 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. (id:4069)
Address
49 FAIRLEIGH Avenue S
List Price
$1,199,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
3 Level
Area
Ontario
Sub-Area
Hamilton
Bathrooms
3
Floor Area
2,500 Sq. Ft.
MLS® Number
40695401
Listing Brokerage
RE/MAX Aboutowne Realty Corp.
Basement Area
Full (Partially finished)
Postal Code
L8M2K1
Zoning
RES
Site Influences
Hospital, Place of Worship, Public Transit
Features
Paved driveway
