$464,900

For sale

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17 FAIRLEIGH Avenue South, Hamilton - Multi-family for Sale

17 FAIRLEIGH Avenue South, Hamilton, Ontario, L8M2K1

5 beds3 baths2,098 ft²Listed 64 days ago

1071 SOUTHCOTE Road, Hamilton, Ontario, L9G3L1

3 bd1 ba2 pk1,323 ft²

Listed by RE/MAX Escarpment Realty Inc.

80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

For saleJust listed

Yesterday

$950K

80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

6 bd4 ba2 pk2,896 ft²

62 BARNESDALE Avenue South, Hamilton, Ontario, L8M2V4

4 bd3 ba4 pk2,096 ft²

Listed by Re/Max Escarpment Realty Inc.

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

For saleJust listed

Yesterday

$849K

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

5 bd2 ba5 pk1,900 ft²

Listed by RE/MAX Escarpment Realty Inc.

Investment analysis

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$464,900

Hamilton

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Overview

This multi-family property in Hamilton is for sale offering roughly 2,098 sq ft of space.

Multi-Family Properties for Sale in Hamilton →All real estate in Hamilton →

Description

Duplex close to downtown Hamilton and all major amenities. Features three units: one 3-bedroom and two 1-bedroom suites. All units are updated and have separate entrances. Offers a great opportunity for investors or extended families. Sold As is, Where is basis. Seller makes no representations and/or warrnties. All room sizes approx. (id:66096)

Property Details

MLS®: 40859702
Property Type: Multi-family
Zoning: D
Bedrooms: 5
Bathrooms: 3
Interior Size: 2,098 ft²
Frontage: 28 ft
Units: 3
Year Built: 1910
Storeys: 2
Basement: Finished, Full
Heating: Forced air
Cooling: None
Garage: None
Ownership: Freehold
Property Tax: $4,158/yr
Listed: 64 days ago

Features

Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

64d

Hamilton listings, avg age

65d

Price / ft²

$222

List price

$465K

Haho

This 5-bed multi-family in Hamilton has been listed for 64 days, which is 1 days fresher than the city average of 65. Act while there is still low competition.

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Listed by Royal LePage State Realty Inc. · Joe Cosentino

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8M)

This home lists at $464,900, about 7.6× the local median household income of $61,200.

Carrying it typically needs a household income of about $90,811 (20% down, 25-yr amortization, stress-tested) — roughly 48% above the area median.

Median household income: $61,200
Population: 13,774
Median age: 38.4
Owner / renter: 40% / 60%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L8M)

$464,900· $222/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,245

Min 5%50%

Mortgage payment$2,449/mo

↳ CMHC premium ($17,666 capitalized)

Property tax (est.)$347/mo

Total monthly$2,795

Cash Needed to Close

Down payment (5%)$23,245

Land transfer tax$5,773

Est. closing costs$3,895

Total cash needed$32,913

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice