70 Ward Avenue

- $629,000

Ainslie Wood, Hamilton, L8S2E9
MLS ® X13696882

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! (id:38551)

Features

  • Carpet Free

Location

Details

70 Ward Avenue, Ainslie Wood, , Hamilton

  • Land
    25 x 100 FT
  • Bedrooms

    Above Grade: 6 Below Grade: 1

    7
  • Bathrooms
    2
  • Parking

    No Garage

    0

Rooms

70 Ward Avenue, Ainslie Wood, , Hamilton

  • Laundry Room

    basement

    5.68 m x 3.19 m
  • Bathroom

    basement

    2.82 m x 1.78 m
  • Bedroom

    lower level

    5.62 m x 4.67 m
  • Bedroom

    main level

    3.43 m x 2.9 m
  • Bedroom 2

    main level

    3.19 m x 3.09 m
  • Bedroom 3

    main level

    3.04 m x 2.87 m
  • Bedroom 4

    main level

    3.86 m x 1.89 m
  • Kitchen

    main level

    3.42 m x 3.06 m
  • Bathroom

    main level

    2.79 m x 2.01 m
  • Bedroom 5

    upper level

    3.39 m x 3.17 m
  • Bedroom

    upper level

    3.07 m x 2.25 m