70 Ward Avenue,Hamilton (Ainslie Wood), ON L8S2E9
Hamilton (Ainslie Wood), ON L8S2E9
Description
ATTENTION INVESTORS: Rare, turnkey student housing goldmine in highly desirable Ainslie Wood, steps to McMaster University! This detached 1.5 storey investment property completely eliminates vacancy risk with a rock-solid, fully executed lease agreement guaranteed at $4,042/month until April 2027, PLUS tenants pay all the utilities and internet! This is the current tenants' 2nd year in the property and they have expressed an interest to renew again. Boasting a highly optimized, high-density layout featuring 6 +1 bedrooms and 2 bathrooms, with the option to have a living/common area in the basement with a separate entrance! This property generates an immediate, jaw-dropping 7.8%+ gross yield with zero initial lease costs, zero vacancy downtime, and total operational stability. Unbeatable location for student renters: steps to transit, campus, local dining, and shopping. This property is the perfect add-on for a sophisticated portfolio or an ideal entry point into high-density student housing. True cash-cow opportunities like this do not last. Do the math, check the location, and submit your best offer! (id:13843)
Details
| MLS # | X13696882 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 83 |
| Listing Provided By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. | DEENA RIZWAN |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,100 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | C/S-1335 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | All, Washer, Stove, Dryer, Microwave, Furniture, Window Coverings, Two Refrigerators |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 0 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5247.88 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Ainslie Wood) |
| Postal Code | L8S2E9 |
| Listing VS Median (in L8S2E9) | |
Price: $629,000 low | high Med: $664,000 sqft: 1,100 low | high Med: 1,100 $ / sqft: $572 low | high Med: $604 On site: 83 low | high Med: 58 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Ainslie Wood) |
| Postal Code | L8S2E9 |
| Listing VS Median (in L8S2E9) | |
Price: $629,000 low | high Med: $664,000 sqft: 1,100 low | high Med: 1,100 $ / sqft: $572 low | high Med: $604 On site: 83 low | high Med: 58 | |