$1,199,000Asking Price
49 Fairleigh Ave S
Gibson, Hamilton
Rare opportunity to own this newly renovated three unit home in Hamilton Centre with potential for a large fourth unit in the basement! Buyer to set their own rent at market value. The house comes equipped with 3 units. Unit 1 is a vacant two-bedroom suite with the income potential of $2,400+ (Also great for Airbnb), Unit 2 is a newly renovated vacant two-bedroom unit ($2,300), and unit 3 features a really cool bachelor loft space on the 3rd floor, with the income potential of $1,550+. The Gross Annual income is $78,600.00. This is a Rare offering and huge opportunity to increase your annual income by finishing the basement which could bring an additional income of $1,500+ per month. The property features a large Double lot (43 x 105) ft lot, a massive driveway with 5+ parking spots and an oversized two-car garage with forecasted rent of ($400+). Perfect for a savvy investor or purchaser looking to supplement their mortgage payment. Huge income opportunity to be had, do not miss out on this rare offering. Seller in the works of obtaining permit to finish basement legally, and turning home into legal 4plex. steps to downtown, Go Station and highways, the property is located in a desirable family-friendly neighbourhood.
Rare opportunity to own this newly renovated three unit home in Hamilton Centre with potential for a large fourth unit in the basement! Buyer to set their own rent at market value. The house comes equipped with 3 units. Unit 1 is a vacant two-bedroom suite with the income potential of $2,400+ (Also great for Airbnb), Unit 2 is a newly renovated vacant two-bedroom unit ($2,300), and unit 3 features a really cool bachelor loft space on the 3rd floor, with the income potential of $1,550+. The Gross Annual income is $78,600.00. This is a Rare offering and huge opportunity to increase your annual income by finishing the basement which could bring an additional income of $1,500+ per month. The property features a large Double lot (43 x 105) ft lot, a massive driveway with 5+ parking spots and an oversized two-car garage with forecasted rent of ($400+). Perfect for a savvy investor or purchaser looking to supplement their mortgage payment. Huge income opportunity to be had, do not miss out on this rare offering. Seller in the works of obtaining permit to finish basement legally, and turning home into legal 4plex. steps to downtown, Go Station and highways, the property is located in a desirable family-friendly neighbourhood.
See MoreKey Info
- 2.5-Storey Detached
- 5-Car Private Driveway
- 2-Car Detached Garage
- Main St E
- 2000-2500 Approximate Sq Feet
- 51-99 Years Approximate Age
- Basement: Full, Unfinished
- 1 + 1 Kitchens
- Forced Air Gas Heating
- A/C
Property
- Lot Size 43 x 105 Feet
- Brick Exterior
- Taxes were $5,253 in 2024
- Possession: immediate
Details
- No Fireplace
- Family Room
- Lower Laundry
- Sewers
- Municipal Water
- MLS #X11957411
- RE/MAX ABOUTOWNE REALTY CORP.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 3-Piece Bathroom on Main Floor | |||
| 1 2-Piece Bathroom in Basement | |||
| 1 4-Piece Bathroom on 2nd Floor | |||
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Who lives here?
Gibson, Hamilton is a west GTA neighbourhood notable for its singles, renters and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 20 to 24 and adults aged 25 to 44.
Families
Kids Per Family
1.5
kids per family
in the neighbourhood.
Singles
62%
of residents are
single and loving it.
62% singles
Hamilton (46%)Renters
65%
of residents
are renters.
65% renters
Hamilton (32%)Education
15%
of residents are
university grads.
15% university grads
Hamilton (28%)Income
Average Household Income
$56K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 16% |
| Trades | 8% |
| Business | 5% |
| Manufacturing | 4% |
| Government | 4% |
Immigrants
27%
of residents were
born outside of Canada.
27% immigrants
Hamilton (25%)Birthplace - All
2.3% from Syria
All-time
Birthplace - Recent
0.7% from Somalia
Recent
Foreign Languages
Foreign Languages
| Arabic | 3% |
| Vietnamese | 3% |
| Spanish | 2% |
| French | 2% |
| Somali | 2% |
Religions
Religions
| Christian | 55% |
| Muslim | 4% |
| Buddhist | 2% |
| Hindu | 1% |
