101 Merna Avenue

- $739,900

Ainslie Wood, Hamilton, L8S2L1
MLS ® X12962540

Turn Key Licensed Student Rental Opportunity In The McMaster University Area Of Hamilton. Rare Investment Offering A Fully Rented Property Currently Configured As 5+3 Bedrooms, 3 Bathrooms, Situated At The End Of A Quiet Residential Court Backing Onto Expansive Parkland, Offering Exceptional Privacy And A Rare Green Space Setting In A High-Demand Student Rental Pocket. Convenient Access To McMaster University By Walking, Biking Or Transit And Just Minutes To Westdale Village, Main Street W, King Street W, Transit Routes And Major Highways. Currently Operating As An Income Property With Gross Annual Rental Income Of Approximately $62,000, With Tenant Agreements In Place Through April 2027. Property Currently Licensed With The City Of Hamilton As A Rental Housing - Single Family Dwelling Establishment Licence (1 Unit - 8 Bedrooms). Electrical Systems Inspected And Deemed ESA Compliant, With Compliance Accepted By The City. ESA Certification Currently In Place With The Present Owner (Expiry January 6, 2029). City Property Report Indicates No Outstanding Work Orders. Buyer To Assume Existing Tenancies In Accordance With The Residential Tenancies Act. Buyer To Verify Zoning, Permitted Use, Licensing Requirements And Conduct Their Own Due Diligence Regarding Future Use. Photos Were Taken Prior To Current Tenant Occupancy. (id:38551)

Features

  • Cul-de-sac

Location

Details

101 Merna Avenue, Ainslie Wood, , Hamilton

  • Land
    68 x 116 FT
  • Bedrooms

    Above Grade: 5 Below Grade: 3

    8
  • Bathrooms
    3
  • Parking

    No Garage

    2

Rooms

101 Merna Avenue, Ainslie Wood, , Hamilton

  • Bedroom

    basement

    10 m x 7 m
  • Bedroom

    basement

    14.5 m x 11.5 m
  • Bedroom

    basement

    12 m x 10 m
  • Kitchen

    main level

    13 m x 10 m
  • Living Room

    main level

    10.5 m x 10.5 m
  • Bedroom

    main level

    14 m x 8.5 m
  • Bedroom 2

    main level

    12.5 m x 7 m
  • Bedroom 3

    upper level

    13 m x 9.5 m
  • Bedroom 4

    upper level

    12 m x 8.5 m
  • Bedroom 5

    upper level

    13 m x 10.5 m