105 Emerson Street, Hamilton (Ainslie Wood), Ontario, L8S2X5




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$750,000
Hamilton
This 6-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 1,300 sq ft of space. Its $750,000 asking price sits right in line with the $724,900 median in Hamilton. It has been on the market 46 days, fresher than the Hamilton average of 56 days.
INVESTORS & DEVELOPERS - DON'T MISS THIS ONE! 105 Emerson St presents a rare opportunity to acquire a property with a clear path toward a 7-bedroom income-producing rooming house in a well-established Hamilton neighbourhood. This property offers investors the potential to capitalize on Hamilton's strong rental market and ongoing demand for well-located housing. Currently zoned Commercial on the main floor and Residential on the second floor, this property offers a unique opportunity to maximize its income potential through a thoughtfully planned conversion. The heavy lifting has already been done. Plans and permits are in place, providing the next owner with a defined roadmap to move the project forward without starting from scratch. The location provides convenient access to major transportation routes, public transit, schools, shopping, restaurants, parks, and everyday amenities. Its proximity to key employment and institutional hubs adds to the property's appeal for a broad tenant pool. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 46 days on market, against an average age of 56 days across the listings currently for sale in this city
This 6-bed single family in Hamilton (Ainslie Wood) has been listed for 46 days, which is 10 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $750,000, about 11.9× the local median household income of $62,800.
Carrying it typically needs a household income of about $146,501 (20% down, 25-yr amortization, stress-tested) — roughly 133% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8S)
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Loading rates, 30-yr amortization
Cash Needed to Close
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