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. (id:4069)
Address |
49 FAIRLEIGH Avenue S |
List Price |
$1,339,000 |
Property Type |
Multi-family |
Type of Dwelling |
Duplex |
Area |
Ontario |
Sub-Area |
Hamilton |
Bathrooms |
3 |
Floor Area |
2,385 Sq. Ft. |
MLS® Number |
40560960 |
Listing Brokerage |
RE/MAX Aboutowne Realty Corp., Brokerage
|
Basement Area |
Full (Unfinished) |
Postal Code |
L8M2K1 |
Zoning |
R1 |
Site Influences |
Golf Nearby, Hospital, Park, Place of Worship, Public Transit, Schools |
Features |
Paved driveway |