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$750,000
Hamilton
29 Thorndale Street South, Hamilton (Ainslie Wood), Ontario, L8S3A7
This 6-bedroom, 2-bathroom home in Hamilton is for sale offering roughly 900 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 12 days, fresher than the Hamilton average of 56 days.
Discover an exceptional investment opportunity ideally located within walking distance to McMaster University. This recently renovated property is perfectly suited for student housing, offering strong rental potential and consistent demand. It is also an excellent option for families, with the opportunity to generate additional rental income from the fully independent basement. With a total of 6 bedrooms, this property allows for maximum rental income by leasing each room individually. (Rental Income in this case can reach to approximately $4400/month). A spacious backyard adds to the appeal, offering plenty of room for outdoor enjoyment. Whether you are an investor looking to expand your portfolio or seeking a versatile home near a major university, this opportunity delivers both convenience and profitability. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 12 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 12 days, which is 44 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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