117 Fairleigh Avenue S, Hamilton

$964,900
117 Fairleigh Avenue S

$964,900

New
18d
Detached2 1/2 Storey

117 Fairleigh Avenue S, Hamilton

Total Monthly Obligation $4,787

Beds
6
Baths
4
Park
8
Sqft
2000-2500
DOM
18d
Yield
4.9%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X13869528
Beds-6
Bathrooms-4
Size-2000-2500 sqft
Lot Size-52.36 × 127.17 ft
Listed on site-Oct 5, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$6,244 (2026)
Parking-9 - Detached
Basement-Partially Finished, Partial Basement
Heating-Other (Other)
Brokerage-Real Broker Ontario Ltd.
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-flexible
Neighbourhood-St. Clair
Title-Residential Freehold

No agent assigned

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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Closing Costs

Mortgage Amount
$771,920
Land Transfer Taxes$15,773
Legal Fees (Est.)
$
Total cash required for closing$210,253

Total Monthly Obligation

$4,787/mo
Mortgage $3,892
Monthly Loss $3,763
Principal$1,024
Interest$2,868
Property Tax$520
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 117 Fairleigh Avenue S

Time

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