49 Fairleigh Ave, Hamilton

49 Fairleigh Ave, Gibson, Hamilton L8M2K1

2 1/2 Storey, Detached House
5 + 2 Rooms Total, 1 + 1 Kitchens
5 Parking Spaces

43.00 x 105.00

Full, Unfinished Basement
Brick Exterior

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 Has Spent $20K In Permits To Finish Bsmt Legally, And Turning Home Into Legal 4Plex.

Pt Lt 34, Pl 399 ; Pt Residence Reserve, Pl 399 ,

3-piece on main level
2-piece on bsmt level
4-piece on 2nd level