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10 Fairleigh Ave N, Hamilton, ON

Name: 10 Fairleigh Ave N, For Sale in Hamilton - eXp Realty
Brand: ROYAL LEPAGE CERTIFIED REALTY
SKU: X13737250
Price: 559000 CAD

House

For Sale

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530

MLS® X13737250

Property Details
Map

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:58753)Show Description

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage Yes

Taxes $3,526

Days Active 17

MLS® Number X13737250

Central VacNo

FireplaceNo

GarageYes

BasementFinished, Apartment in basement, N/A

DrivewayNo Garage

HeatForced air, Natural gas

A/CCentral air conditioning

Additional Information

Siding Brick

Sewage System Other

Landscaping Carpet Free

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

00/00/0000End Date

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Top Secret

00/00/0000List Date

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Dec 22, 2023End Date

-Sold Price

Expired

Sep 22, 2023List Date

$649,000List Price

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Home Appraisal

This property is estimated to sell between: $559,000 and $628,000.

Similar properties in this area sold on average for: $604,987

Expected to sell in 10 days. Similar properties sold in 27 days. This home has been on eXp Realty for 17 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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