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$588,900
Ontario,Hamilton (Gibson)
For Sale Active
10 FAIRLEIGH AVENUE N, Hamilton (Gibson), Ontario L8L6H2
  • 5
  • 3
  • 2000 - 2500Square Feet
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Basic Details
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. (id:62783)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X13451952
  • Price: $588,900
  • Bedrooms: 5
  • Bathrooms: 3
  • Square Footage: 2000 - 2500 Sqft
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 296729
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Finished, N/A, Apartment in basement
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Hamilton (Gibson), L8L6H2
  • Street: Fairleigh
  • Street Number: 10
  • Street Suffix: Avenue
  • Longitude: W80° 9' 27.1''
  • Latitude: N43° 15' 6.1''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 21 x 44.7 FT ; 21.04 X 42.58 X 29.06 X 44.80
  • Stories: 2.5
Financial
  • Tax Annual Amount: 3526.38
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Listing updated: 2026-06-17 15:58:24
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Listing Information
  • List Agent Key: 2006993
  • List Office Key: 296729
  • Modification Timestamp: 2026-06-16T19:05:06Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-06-16T18:59:00Z
Powered by REALTOR.ca
Listing updated: 2026-06-17 15:58:24
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