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$699,000
Hamilton
112 Ward Avenue, Hamilton (Ainslie Wood), Ontario, L8S2E9
This 8-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 1,300 sq ft of space. Its $699,000 asking price sits right in line with the $724,900 median in Hamilton. It has been on the market 26 days, fresher than the Hamilton average of 56 days.
Excellent investment opportunity just approximately a two-minute walk to McMaster University! Currently operated as a furnished student rental, Currently generating approximately $5,800 in gross monthly rental income, as reported by the seller. Spacious layout offers 8 bedrooms: 3 upstairs, 3 on the main floor and 2 on the lower level-plus 3 renovated bathrooms, a main floor kitchen and basement kitchen. Finished basement includes laundry and storage. Extensively renovated since 2017, with approximately $100,000 invested in improvements, including flooring, most windows and doors, plumbing, electrical wiring, 100 Amp electrical panel and LED lighting. Roof shingles replaced approximately two years ago. Additional features include an upgraded enclosed front porch, front interlock, backyard deck, fencing and garden shed. Three entrances include basement access to the backyard, with additional backyard access from Ward Avenue and Leland Avenue. Owned furnace, central air conditioner and XL hot water tank. Conveniently located close to campus and everyday amenities.. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 56 days across the listings currently for sale in this city
This 8-bed single family in Hamilton (Ainslie Wood) has been listed for 26 days, which is 30 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 $699,000, about 11.1× the local median household income of $62,800.
Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 117% 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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