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10 Fairleigh AVE N Hamilton, ON L8L 6H2
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Gibson
MLS Listing ID X13451952
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $3,526
Tax Year 2026
Property Sub-Type Detached
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. 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), $2,100/month (Unit 2), and $1,250/month (Unit 3). 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.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room Yes
Basement Apartment, Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Carpet Free
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Lot Frontage 21.0
Lot Depth 44.71
Building
Building Age 51-99
Lot Description Irregular Lot
Foundation Poured Concrete
Others
ParcelsYN No
Listed by ROYAL LEPAGE CERTIFIED REALTY