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49 Fairleigh Avenue, Hamilton, ON 37 photos

$999,000

Active
49 Fairleigh Avenue, Hamilton, ON· Gibson
2+2
Bedrooms
3
Bathrooms
2500-3000
Sq Ft
$333–$400
Per Sq Ft
7
Detached Parking
51-99
Year Built

About this Property

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.

Listed by RE/MAX ABOUTOWNE REALTY CORP. · MLS# X13144184

Features & Details

Property details of 49 Fairleigh Avenue, Hamilton, ON

Property TypeDetached
Style2 1/2 Storey
Size2500-3000 sq ft
BasementFull, Unfinished
Total Parking7

Mortgage Calculator

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Mortgage Payment$4,908/monthly
Principal54%
Interest46%
Principal Amount$799,200
Interest$673,136
Total Payable$1,472,336
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$4,908
Mortgage + Expenses$4,908
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$
$
$
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Monthly Cash Flow-$4,908

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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