70 WARD AVENUE
Hamilton (Ainslie Wood), Ontario
MLS® X13696882
$629,000
- Status
- Active
- Property type
- House
- MLS® number
- X13696882
- Bedrooms
- 7
- Bathrooms
- 2
- Year built
- —
1 / 36Listing 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!
Property summary
- MLS® number
- X13696882
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 25 x 100 FT
- Annual property taxes
- $5,247.88
- Parking
- No Garage
- Days on market
- 41 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A, N/A
- Flooring
- Tile, Laminate
- Appliances
- All, Washer, Stove, Dryer, Microwave, Furniture, Window Coverings, Two Refrigerators
- Exterior features
- Vinyl siding
- Lot features
- Carpet Free
What would this home cost you?
Based on the $629,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD., OAKVILLE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.