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Listed 10 days ago

117 Fairleigh Avenue S

St. Clair, Hamilton

$964,900

Detached|2 1/2 Storey
5 | 4 | 9
About this home

Turnkey 4-unit investment property on a generous double lot, fully tenanted at market rents. With non-smoking, pet-free tenants already in place, this solid brick property provides immediate income with added long-term upside. Units 2 and 3 feature recently installed heat pumps providing efficient heating and air conditioning, each connected to the unit's own hydro meter. A finished laundry room with coin-operated laundry adds further convenience and income potential. Outside, the rare double lot offers a large yard, paved double driveway and detached garage at the end of the long driveway, which could be rented as-is for additional income or explored for future ADU potential. There may also be future severance potential, offering even more possibilities for the property. Located in a quiet, family-friendly neighbourhood just a short walk from the proposed LRT stop, this property combines strong existing income, and exciting long-term investment potential.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$6,244
Lot Size52.36 ft x 127.17 ft
mls© NumberX13869528
Listed ByReal Broker Ontario Ltd.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,939
Property tax
$520
Heat allowance
$150
Housing costs
$5,609 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $192,980
25-yr amortization

Income needed

$173,000

gross annual household income

Payment at 4%
$4,060 / mo
Cash down
$192,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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