$629,000
Available - For Sale
Listing ID: X13696882
70 Ward Avenue , Hamilton, L8S 2E9, Hamilton
| 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! |
| Price | $629,000 |
| Taxes: | $5247.88 |
| Occupancy: | Tenant |
| Address: | 70 Ward Avenue , Hamilton, L8S 2E9, Hamilton |
| Directions/Cross Streets: | Main St W & Emerson St |
| Rooms: | 7 |
| Rooms +: | 1 |
| Bedrooms: | 6 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Apartment, Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Bedroom | 11.25 | 9.51 | B/I Closet, Laminate, Window |
| Room 2 | Main | Bedroom 2 | 10.46 | 10.14 | B/I Closet, Laminate, Window |
| Room 3 | Main | Bedroom 3 | 9.97 | 9.41 | Closet, Laminate, Window |
| Room 4 | Main | Bedroom 4 | 12.66 | 6.2 | Closet, Laminate, Window |
| Room 5 | Main | Kitchen | 11.22 | 10.04 | Side Door, Eat-in Kitchen, Tile Floor |
| Room 6 | Upper | Bedroom 5 | 11.12 | 10.4 | B/I Closet, Laminate, Window |
| Room 7 | Upper | Bedroom | 10.07 | 7.38 | B/I Closet, Laminate, Window |
| Room 8 | Lower | Bedroom | 18.43 | 15.32 | Laminate, Window |
| Room 9 | Main | Bathroom | 9.15 | 6.59 | 4 Pc Bath |
| Room 10 | Basement | Bathroom | 9.25 | 5.84 | 3 Pc Bath |
| Room 11 | Basement | Laundry | 18.63 | 10.46 | Laundry Sink |
| Room 12 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Lower |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | 1 1/2 Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| Drive Parking Spaces: | 0 |
| Pool: | None |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Hospital, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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|
Behzad Rahdari
Broker, P. Eng.
Dir:
416-301-7556
Bus:
905-883-4922
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Ainslie Wood |
| Style: | 1 1/2 Storey |
| Tax: | $5,247.88 |
| Beds: | 6+1 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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