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:4069)
Address
117 FAIRLEIGH Avenue S
List Price
$964,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
6
Bathrooms
4
Floor Area
2,299 Sq. Ft.
Lot Depth
127 ft
Frontage Length
52 ft
Year Built
1907
MLS® Number
40868438
Listing Brokerage
Real Broker Ontario Ltd.
Basement Area
Partial (Partially finished)
Postal Code
L8M2K4
Zoning
R1A
Ownership
Freehold
Parking Places (Total)
9
Site Influences
Public Transit
Features
Laundry- Coin operated
Cooling Features
Ductless
Foundation Details
Block
Other Structures
Porch
Number Of Floors In Building
2.5
Water Source
Municipal water
Sewer
Municipal sewage system
