10 Fairleigh Avenue N,Hamilton (Gibson), ON L8L6H2
Hamilton (Gibson), ON L8L6H2
Description
Exceptional opportunity to own a legal duplex with a separate basement apartment, offering strong income potential and immediate upside. This well-maintained multi-unit property features three self-contained residential units, with two units currently vacant, allowing the new owner to secure market rents immediately or occupy one unit while generating income from the others. ALL UNITS will be VACANT as of end of September !! Pick your own tenants! Unit 1 (Main Floor): Bright and spacious 1-bedroom apartment. Unit 2 (Upper Level): Large 3-bedroom apartment featuring an expansive finished attic space, ideal for a home office, recreation room, additional living area, or storage. Unit 3 (Basement): Renovated 1-bedroom apartment, updated approximately one year ago. The property previously generated approximately $4,700/month in gross rental income, with rents of approximately $1,400/month (Unit 1, Vacant on September 1st), $2,100/month (Unit 2, Vacant), and $1,250/month (Unit 3, Vacant end of September). Tenants pay their own utilities, helping minimize operating expenses, and the property benefits from two separate hydro meters. Ideal for investors seeking strong cash flow and long-term appreciation or owner-occupants looking for a mortgage helper, this property offers exceptional flexibility and income-generating potential. The vacant units provide an immediate opportunity to maximize returns based on current market conditions. Conveniently located just minutes from Hamilton General Hospital, the future LRT corridor along Highway 8/Main Street East, West Harbour GO Station, Downtown Hamilton, schools, parks, shopping, public transit, and major commuter routes. This central location provides excellent connectivity and access to Hamilton's growing employment, healthcare, and transportation hubs. A rare opportunity to acquire a versatile income-producing property with immediate leasing flexibility, strong rental demand, and outstanding long-term investment potential. (id:374)
Details
| MLS # | X13737250 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 54 |
| Listing Provided By | ROYAL LEPAGE CERTIFIED REALTY | Shervin Khajeh Hassani Mohammadian |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Toc-3 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | All, Refrigerator, Stove, Range, Dryer |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Poured Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 0 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3526.38 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Gibson) |
| Postal Code | L8L6H2 |
| Listing VS Median (in L8L6H2) | |
Price: $559,000 low | high Med: $559,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $280 low | high Med: $280 On site: 54 low | high Med: 54 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Gibson) |
| Postal Code | L8L6H2 |
| Listing VS Median (in L8L6H2) | |
Price: $559,000 low | high Med: $559,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $280 low | high Med: $280 On site: 54 low | high Med: 54 | |
