1 / 2570 WARD AVENUE
Hamilton (Ainslie Wood), Ontario, L8S2E9
$629,000
Bedrooms
7
Bathrooms
2
Parking
0
About this property
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:66779)
Rooms
| Bedroom | Main level | — |
| Laundry room | Basement | — |
| Bedroom 2 | Main level | — |
| Bedroom 3 | Main level | — |
| Bedroom 4 | Main level | — |
| Kitchen | Main level | — |
| Bedroom 5 | Upper Level | — |
| Bedroom | Upper Level | — |
| Bedroom | Lower level | — |
| Bathroom | Main level | — |
| Bathroom | Basement | — |
Details
- Sewer
- Sanitary sewer
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- List aor
- Toronto
- Stories
- 1.5
- 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
- Directions
- Cross Streets: Main St W & Emerson St. ** Directions: Main St W> Emerson St> Ward Ave.
- Fireplace
- No
- Lot features
- Carpet Free
- Water source
- Municipal water
- Structure type
- House
- Parking features
- No Garage
- Tax annual amount
- 5,247.88
- Exterior features
- Vinyl siding
- Foundation details
- Block
- Lot size dimensions
- 25 x 100 FT
- Zoning description
- C/S-1335
- Bedrooms above grade
- 6
- Bedrooms below grade
- 1
- Property attached
- No
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