5
$479,900
17 Fairleigh Avenue S, Hamilton, ON L8M 2K1
Gibson
5 bd
3 ba
2,000 sf
1 weeks on marketMLS® X13730732
Listing courtesy of ROYAL LEPAGE STATE REALTY
46
Gibson · L8L 5Z1
$597,000
$398 / sq ft2 months on market
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$479,900
Gibson
Listing courtesy of ROYAL LEPAGE STATE REALTY
99 Sanford Avenue N, Hamilton is an Investment Property, duplex-plus-rooms property in Hamilton's west-end Landsdale neighborhood, offered at a 5.49% in-place cap rate with a clear, built-in path to higher income. The property generates $49,080 in gross annual rent and $37,638 NOI at an asking price of $685,000.Configured as a one-bedroom main-floor apartment and a four-room upper unit, the building runs on two hydro meters with front parking - a rentable amenity in this lower-city location. Four of the five occupied doors are month-to-month, giving an incoming owner immediate room to reset rents to market as tenancies turn, with no additional acquisition required. The stand-out upside is the basement: counted as a sixth door with its own separate side entrance, it is currently vacant and ready to be finished and leased as a private, self-contained unit - adding a brand-new income stream that isn't yet reflected in the in-place numbers. Between the month-to-month resets and the basement lease-up, a new owner has two distinct, low-risk levers to grow NOI from day one. Situated in an appreciating pocket close to transit, schools, and everyday amenities, 99 Sanford offers strong room-rental income today plus genuine value-add on top. Ideal for an investor building a Hamilton rental base or adding a room-rich, high-upside asset to an existing portfolio. - Duplex + rooms, Price: $685,000 - Gross annual rent: $49,080, Net operating income: $37,638, Cap rate: 5.49% (in-place) - Doors: 6 (5 occupied / 83%; basement vacant) Configuration: 1-bed main floor + 4-room upper unit + vacant side-entrance basement (6th door) -Metering / parking: Two hydro meters, front parking
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 38% of comparable multiplex listings in Gibson are asking less.
Based on 8 comparable active multiplex listings in Gibson. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $597,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of EXP REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
$569,000
Gibson
Listing courtesy of Real Broker Ontario Ltd.
$650,000
Gibson
Listing courtesy of EXP REALTY
$699,000
Gibson
Listing courtesy of EXP REALTY
$679,900
Gibson
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$549,000
Gibson
Listing courtesy of REAL BROKER ONTARIO LTD.
