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About This Property

Prime McMaster University Student Rental Investment! This Turnkey 6-Bedroom, 2-Bathroom Home Is Currently Fully Rented To Students And Generates Approximately $4,900/Month In Rental Income, Or $58,800 Annually. Featuring 3 Bedrooms On The Main Level And 3 Bedrooms On The Lower Level, This Property Offers An Ideal Layout For Student Tenants. Excellent Location Just Minutes To McMaster University, McMaster Hospital, Shopping, Restaurants And Public Transit. Numerous Recent Updates Include New Laminate Flooring And Freshly Painted Throughout In 2022, New Furnace In 2023, And New Washer & Dryer In 2024. A Strong Cash-Flowing Investment With Excellent Student Rental Demand And Convenient Access To McMaster University. Perfect For Investors Looking For A Turnkey Income Property With Significant Rental Income And Long-Term Investment Potential! MUST SEE!! (id:63604)

Key Facts

Type

Detached

Beds

Baths

Size

700 sqft

Lot

25.1 x 100.2 FT

Parking

0 total

Property Details 17 details

Bedrooms

6 bedrooms

6 above grade

Bathrooms

2 bathrooms

Parking

0 parking spaces

No Garage

Living area

700 - 1,100 sq. ft.

Property

Single Family · Freehold · Detached

Property subtype

Single Family

Structure type

House

Ownership

Freehold

Attached status

Detached

Storeys

1.50

Basement

Finished, Full

Heating

Forced air, Natural gas

Cooling

Central air conditioning

Fireplace

Yes

Lot dimensions

25.1 x 100.2 FT

Frontage

25.10 feet

Taxes

$4,811.85

Water source

Municipal water

Sewer

Sanitary sewer

Exterior features

SteelBrick FacingPoured Concrete

Systems and association

Smoke Detectors

Lot and water

Carpet Free

Rooms 9 rooms

Level

Room

Dimensions

Main level

Kitchen

3.35 m x 3.05 m

Basement

Bedroom

2.74 m x 3.35 m

Main level

Living room

3.05 m x 3.66 m

Main level

Dining room

1.83 m x 1.83 m

Main level

Bedroom

3.05 m x 3.66 m

Second level

Bedroom 2

6.1 m x 4.57 m

Second level

Bedroom 3

3.35 m x 3.05 m

Basement

Bedroom 4

4.27 m x 2.44 m

Basement

Bedroom 5

3.66 m x 3.05 m

Mortgage & Affordability Estimate monthly costs

Down payment (%) Interest rate (annual %) Amortization (years) Property taxes (% of price) Condo/HOA fee (monthly)

Insurance/Other (monthly) Utilities (monthly)

Mortgage Tools Buyer/Seller Snapshot

Purchase price$630,000

Down paymentNot available

Mortgage amountNot available

Principal & interestNot available

Property taxesNot available

Condo/HOA feeNot available

Insurance/OtherNot available

UtilitiesNot available

Est. monthly totalNot available

Income needed (GDS 32%)Not available

Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area: Ainslie Wood
City: Hamilton
Postal code: L8S 2K8
Nearby: Cross Streets: Leland Ave/ Whitney St. ** Directions: Holmes Ave/Leland Ave.