117 Fairleigh Ave S

Blakeley, Hamilton, L8M 2K4
FOR SALE
$1,300,000
117 Fairleigh Ave S, Hamilton
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
117 Fairleigh Ave S
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5 + 1
BEDROOMS
4
BATHROOMS
3 + 1
KITCHENS
14 + 3
ROOMS
X10415886
MLSID
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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!
Property Features
Public Transit
Property Details
Community
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
Room Summary
RoomLevelSizeFeatures
BrMain908.79' x 13.58'
DenMain9.91' x 7.15'
DiningMain10.99' x 12.34'
LivingMain13.09' x 13.48'
BrMain9.25' x 13.58'
Br2nd10.60' x 12.50'
Dining2nd11.84' x 9.68'
Kitchen2nd7.68' x 6.66'
Living2nd15.49' x 13.48'
Br2nd12.93' x 11.68'
Br3rd11.09' x 17.16'
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 $352,162 (37.2%) higher than the average sold price of $947,838 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $266,376 (21.9%) compared to the previous 30 day period (September 21 - October 20) and down $94,468 (9.1%) from the same time one year ago.
Inventory Change
There were 43 5-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is up 10.3% compared with the previous 30 day period (September 21 - October 20) and up 48.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($35,670) (3.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $26,015 increase compared to the previous 30 day period (September 21 - October 20) and ($36,846) 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 (October 21 - November 19) stood at 51.2%, up from 35.9% over the previous 30 days (September 21 - October 20) and down from 51.7% 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 38 days when successfully sold over the last 30 days (October 21 - November 19), compared to 62 days before being removed from the market upon being suspended or terminated.
Listing contracted with Real Broker Ontario Ltd
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