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$964,900
Hamilton
117 FAIRLEIGH Avenue South, Hamilton, Ontario, L8M2K4
This 6-bedroom, 4-bathroom home in Hamilton is for sale offering roughly 2,299 sq ft of space. It has been on the market 29 days, fresher than the Hamilton average of 65 days.
Turnkey 4-unit investment property on a generous double lot, fully tenanted at market rents . With non-smoking, pet-free tenants already in place, this solid brick property provides immediate income with added long-term upside. Units 2 and 3 feature recently installed heat pumps providing efficient heating and air conditioning, each connected to the unit’s own hydro meter. A finished laundry room with coin-operated laundry adds further convenience and income potential. Outside, the rare double lot offers a large yard, paved double driveway and detached garage at the end of the long driveway, which could be rented as-is for additional income or explored for future ADU potential. There may also be future severance potential, offering even more possibilities for the property. Located in a quiet, family-friendly neighbourhood just a short walk from the proposed LRT stop, this property combines strong existing income, and exciting long-term investment potential. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 29 days on market, against an average age of 65 days across the listings currently for sale in this city
This 6-bed single family in Hamilton has been listed for 29 days, which is 36 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $964,900, about 15.8× the local median household income of $61,200.
Carrying it typically needs a household income of about $188,479 (20% down, 25-yr amortization, stress-tested) — roughly 208% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.