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MLS® X13696882
Hamilton, ON
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!
Inclusions
Existing 2 Fridges, Stove, Over Stove Exhaust Hood, Microwave, Clothes Washer and Dryer, All electric light fixtures, All window coverings, Furniture belonging to the Seller. All appliances are "As Is"
Exclusions
Tenant's belongings.
Broker
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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Detached
70 Ward Avenue Hamilton
Hamilton
Type
Detached
Basement
Apartment, Finished, Separate Entrance, Walk-Up
Parking
None (0)
Property Tax
~$5,248/yr
Heating
Forced Air
Buying Essentials
Square Feet
1300 sqft
Facing Direction
North
Parking
None (0)
Finances
List Price
$629,000
Price per SQFT
$484/sqft
Property Tax
~$5,248/yr
Property Specs
Property Type
Detached
MLS Size
1300 sqft
Basement
Apartment, Finished, Separate Entrance, Walk-Up
Living & Amenities
Heating Type
Forced Air
Features
Carpet Free · In-Law Capability
Policies & Utilities
Neighbourhood
Hamilton
Listed On
Aug 20, 2026
Hospital
Public Transit
Days on Market
Current: 79 days
B/I Closet, Laminate, Window
11.3 x 9.5
107 sqft
B/I Closet, Laminate, Window
10.5 x 10.1
106 sqft
Closet, Laminate, Window
10.0 x 9.4
94 sqft
Closet, Laminate, Window
12.7 x 6.2
79 sqft
Side Door, Eat-in Kitchen, Tile Floor
11.2 x 10.0
113 sqft
B/I Closet, Laminate, Window
11.1 x 10.4
116 sqft
B/I Closet, Laminate, Window
10.1 x 7.4
74 sqft
Laminate, Window
18.4 x 15.3
283 sqft
4 Pc Bath
9.2 x 6.6
60 sqft
3 Pc Bath
9.3 x 5.8
54 sqft
Laundry Sink
18.6 x 10.5
195 sqft
Rooms
11
Listed Room Area
1,281 sqft
Source
Estimated from MLS room dimensions
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