70 Ward Avenue
Ainslie Wood, Hamilton, L8S 2E9
FOR SALE
$629,000
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6 + 1
BEDROOMS 2
BATHROOMS 1
KITCHENS 7 + 1
ROOMS X13696882
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Property Description
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!
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2020-01-27 | 2020-03-05 | 38 | $489,900 | $475,000 |
Property Features
Hospital, Public Transit, Carpet Free, In-Law Capability
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Property Details
Address
70 Ward Avenue
Community
City
Postal Code
L8S 2E9
Property Type
Detached, Detached
Zoning
C/S-1335
Lot Size
25' x 100'
Taxes
$5,248 (2026
Basement
Apartment, Finished, Separate Entrance, Walk-Up
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
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