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49 FAIRLEIGH Avenue

49 FAIRLEIGH Avenue

Hamilton, Ontario

4 bed • 3 bath • Multi-family

$999,000

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 two-bedroom suite with the income of $2,200, Unit 2 is a newly renovated two-bedroom unit ($1,800), and unit 3 features a really cool bachelor loft space on the 3rd floor, with the income potential of $1,400. The Gross Annual income is $64,800.00. 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.

Price History

Schools

Elementary

  • Adelaide Hoodless Public School0.7 km

    Public · Hamilton-Wentworth DSB · 580 students

    Grade 3 reading: 83% met the provincial standard · Grade 6 math: 52% met the provincial standard

  • Prince of Wales Elementary Public School0.9 km

    Public · Hamilton-Wentworth DSB · 540 students

    Grade 3 reading: 61% met the provincial standard · Grade 6 math: 49% met the provincial standard

  • St. Ann (Hamilton) Catholic Elementary School0.9 km

    Catholic · Hamilton-Wentworth CDSB · 375 students

    Grade 3 reading: 73% met the provincial standard · Grade 6 math: 52% met the provincial standard

Secondary

  • Cathedral High School0.9 km

    Catholic · Hamilton-Wentworth CDSB · 1650 students

    Grade 10 literacy: 64% met the provincial standard

  • Bernie Custis Secondary School Secondary School1.3 km

    Public · Hamilton-Wentworth DSB · 955 students

    Grade 10 literacy: 65% met the provincial standard

  • System Alternative Education Sir Isaac Brock Secondary School1.5 km

    Public · Hamilton-Wentworth DSB · 65 students

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L8M

Population
13,774
Private dwellings
7,096
Median age
38.4
Average household size
2.1
Median household income
$61,200

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Multi-family in Hamilton · last 12 months

Median sold price
$683,250
Homes sold
4,988
Median days on market
27
Sale-to-list price
97.1%

Based on 4,988 recorded sales of multi-family properties in Hamilton over the last 12 months.

Location

Mortgage Calculator

$199,800

Estimated Monthly Payment

$4,908

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,908/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $250/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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