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Property Description
Exceptional Live-In Investment Opportunity! Discover this legal triplex, complete with a bonus additional dwelling unit, located on a spacious double lot. With approximately 3,000 square feet of well maintained living space, this property is a true gem for buyers looking to make amazing passive income while living in the property. The layout features two 2-bedroom units and two 1-bedroom units, offering versatile rental options. The main-floor 2-bed unit is currently owner occupied and provides a wonderful live-in option or could be quickly rented with a projected rent of $2,200/m. The other 3 units are happily occupied by A++ tenants. The home is equipped with efficient boiler heat, ensuring convenience for both owners and tenants. Additionally, this property includes in-suite coin operated shared laundry, and a detached garage and a storage shed, providing further potential for income (approx. $50/m for laundry and projected $200/m for garage) or personal use. The ideal location, turn key building, and practical layout make this a standout investment opportunity. You'll be hard pressed to find a better layout, location, and overall quality. Pride of ownership is evident throughoutdont miss this rare offering. Call your Realtor to book your showing today!
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Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
52' x 127'
Fronting
South
Taxes
$5,710 (2024)
Basement
Part Bsmt, Part Fin
Exterior
Brick
Heat Type
Other
Heat Source
Other
Air Conditioning
Other
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 908.79' x 13.58' | |
| Den | Main | 9.91' x 7.15' | |
| Dining | Main | 10.99' x 12.34' | |
| Living | Main | 13.09' x 13.48' | |
| Br | Main | 9.25' x 13.58' | |
| Br | 2nd | 10.60' x 12.50' | |
| Dining | 2nd | 11.84' x 9.68' | |
| Kitchen | 2nd | 7.68' x 6.66' | |
| Living | 2nd | 15.49' x 13.48' | |
| Br | 2nd | 12.93' x 11.68' | |
| Br | 3rd | 11.09' x 17.16' |
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Hamilton Market Statistics
Hamilton Price Trend
117 Fairleigh Ave S is a 5-bedroom 4-bathroom home listed for sale at $1,300,000, which is $70,738 (5.8%) higher than the average sold price of $1,229,262 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 5 bedroom home in Hamilton increased by $281,424 (29.7%) compared to the previous 30 day period (October 22 - November 20) and up $30,830 (2.6%) from the same time one year ago.Inventory Change
There were 24 5-bedroom homes listed in Hamilton over the last 30 days (November 21 - December 20), which is down 44.2% compared with the previous 30 day period (October 22 - November 20) and up 60.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($37,162) (3.0%) below asking price over the last 30 days (November 21 - December 20), which represents a $1,492 decrease compared to the previous 30 day period (October 22 - November 20) and ($75,667) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Hamilton over the last 30 days (November 21 - December 20) stood at 66.7%, up from 51.2% over the previous 30 days (October 22 - November 20) and up from 46.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Hamilton stood at 46 days when successfully sold over the last 30 days (November 21 - December 20), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Broker Ontario Ltd
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