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$630,000
Hamilton
81 Holmes Avenue, Hamilton (Ainslie Wood), Ontario, L8S2K8
This 6-bedroom, 2-bathroom home in Hamilton is for sale offering roughly 900 sq ft of space. Listed at $630,000, it is attractively priced about 13% below the $724,900 median asking price in Hamilton. It has been on the market 28 days, fresher than the Hamilton average of 56 days.
Prime McMaster University Student Rental Investment! This Turnkey 6-Bedroom, 2-Bathroom Home Is Currently Fully Rented To Students And Generates Approximately $4,900/Month In Rental Income, Or $58,800 Annually. Featuring 3 Bedrooms On The Main Level And 3 Bedrooms On The Lower Level, This Property Offers An Ideal Layout For Student Tenants. Excellent Location Just Minutes To McMaster University, McMaster Hospital, Shopping, Restaurants And Public Transit. Numerous Recent Updates Include New Laminate Flooring And Freshly Painted Throughout In 2022, New Furnace In 2023, And New Washer & Dryer In 2024. A Strong Cash-Flowing Investment With Excellent Student Rental Demand And Convenient Access To McMaster University. Perfect For Investors Looking For A Turnkey Income Property With Significant Rental Income And Long-Term Investment Potential! MUST SEE!! (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.
Extended: 28 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 28 days, which is 28 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 $630,000, about 10.0× the local median household income of $62,800.
Carrying it typically needs a household income of about $123,061 (20% down, 25-yr amortization, stress-tested) — roughly 96% 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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