49 Fairleigh Ave S

Hamilton | Gibson | L8M 2K1
  • 2 + 2
  • 3
  • 0

$999,999

Est. Mtg $3,390 /mo
  • Days on market

    26

  • Status

    New

Listing Broker RE/MAX ABOUTOWNE REALTY CORP.
Since listed: 1 views

Home details

MLS #:

X9513280

Property type:
Detached
Style:
2 1/2 Storey
Taxes:
$4,930
Possession:
Immediate
Lot Front:
43.0   Feet
Lot Depth:
105.0   Feet
Basement:
Full | Unfinished
Driveway Pkg:
5
Heat:
Gas | Forced Air

Description


49 Fairleigh Ave S, , Hamilton, Ontario is a Detached property in Hamilton and in the Gibson community in the L8M 2K1 postal code


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..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2022-03 2022-03 $899,000 $1,350,000 Sld X5521758
2022-05 2023-06 $2,200 $2,200 Lsd X5633669
2023-11 2024-02 $14,000,000 $1,400,000 Ter X7288302
2023-12 2024-05 $1,650 $1,650 Exp X7355912
2023-12 2024-05 $2,400 $2,400 Exp X7355906
2023-12 2024-05 $2,250 $2,250 Exp X7355916
2024-05 2024-09 $1,339,000 $1,339,000 Exp X8350034
2024-10 2024-11 $999,999 $999,999 New X9513280

Comparables

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sold Date Address List Price sold Price DOM
2022-03 49 Fairleigh Ave S, $899,000 $1,350,000 7
2021-02 734 Cannon St E, $749,000 $732,500 63
2020-08 105 Aikman Ave, $479,900 $480,000 26
2020-08 27 Sherman Ave N, $399,900 $456,300 6

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity Detached

Sale activity

Hamilton :

Properties sold
Average sale price
New Listings
Year on Year Growth

Municipality activity All Property Types

Sale activity

Hamilton :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 49 Fairleigh Ave S

Based on available 3rd party data

$3936

Approximate costs per month

Mortgage
$3390 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$410 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker RE/MAX ABOUTOWNE REALTY CORP.
Data Source: TRREB

Payment calculator

$3801 monthly. In association with: TD Bank
%
  • Principal and Interest
    3390 /mo
  • Property Taxes
    $410 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Emmalay Rattana, Realtor

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