Address
10 Fairleigh Avenue N, Hamilton (Gibson), ON
Price
$ 559,000
Property Attributes
- ID#X13737250
- TypeSingle Family
- Listing Status Active
- MunicipalityHamilton (Gibson)
- CityHamilton (Gibson)
- AreaGibson
- NeighbourhoodGibson
- Postal CodeL8L 6H2
- Style
- Price$ 559,000
- Bedrooms4+1
- Bathrooms3
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property 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:7434)
General Features
| Features | Carpet Free |
|---|---|
| Community Features | Community Centre, School Bus |
| Property Type | Single Family |
| Zoning Description | Toc-3 |
| CommunityName | Gibson |
| Amenities | Public Transit, Hospital, Park, Schools |
| Building Age | 51 to 99 years |
| Building Appliances | All, Dryer, Range, Stove, Refrigerator |
| Building Basement Features | Apartment in basement |
| Building Cooling Type | Central air conditioning |
| Location Description | King St E & Sherman Ave S |
| Foundation Type | Poured Concrete |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 2.5 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | N/A, N/A (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 2000 |
| Bedrooms | 4+1 |
Exterior Features
| Land Amenities | Public Transit, Hospital, Park, Schools |
|---|---|
| Sewer | Sanitary sewer |
| Exterior Finish | Brick |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L8L 6H2
Price
In The Neighbourhood
Waterfront
Georgian Bay (Gibson)
$ 1,099,000
- Type
- Single Family
- Rooms
- 4 Beds + 2 Baths
Sotheby's International Realty Canada
Waterfront
Georgian Bay (Gibson)
$ 599,000
- Type
- Single Family
- Rooms
- 3 Beds + 1 Baths
Sotheby's International Realty Canada
Hamilton (Gibson)
$ 599,000
- Type
- Single Family
- Rooms
- 3 Beds + 2 Baths
SUTTON GROUP - SUMMIT REALTY INC.
Waterfront
Georgian Bay (Gibson)
$ 374,800
- Type
- Single Family
- Rooms
- 4 Beds + 1.5 Baths
Corcoran Horizon Realty
Hamilton (Gibson)
$ 1,076,900
- Type
- Single Family
- Rooms
- 5 Beds + 3.5 Baths
RE/MAX ESCARPMENT REALTY INC.
Hamilton (Gibson)
$ 474,500
- Type
- Single Family
- Rooms
- 2 Beds + 1.5 Baths
ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST
Data provided by the Ontario Regional Technology & Information Systems. The information is deemed reliable, but is not guaranteed. Not intended to solicit buyers or sellers, landlords or tenants currently under contract.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned