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$629,000
Status: For Sale
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!
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X13696882 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :20 Aug, 2026 (31 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Hamilton |
|---|---|
| Postal Code | :
L8S 2E9
|
| Price | : $629,000 |
|---|---|
| Property Taxes | :$5247.88 |
| Tax Year | :2026 |
|---|
| Bedrooms | :6 + 1 |
|---|---|
| No. of Rooms | :7 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Cross Street | :Main St W & Emerson St |
| Bathrooms | :2 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :1100-1500 sqft |
| Fireplace/Stove | :Yes |
| Virtual Tour | :Virtual Tour (External Link) |
| Bedroom 3 | :3.04 m x 2.87 m |
|---|---|
| Bedroom 2 | :3.19 m x 3.09 m |
| Bathroom | :2.82 m x 1.78 m |
| Bedroom | :3.43 m x 2.9 m |
| Bedroom | :5.62 m x 4.67 m |
| Kitchen | :3.42 m x 3.06 m |
| Bathroom | :2.79 m x 2.01 m |
|---|---|
| Bedroom 5 | :3.39 m x 3.17 m |
| Bedroom 4 | :3.86 m x 1.89 m |
| Bedroom | :3.07 m x 2.25 m |
| Laundry | :5.68 m x 3.19 m |
| Exterior Finish | :Vinyl Siding |
|---|---|
| Parking Space | :0 |
| Basement | :Apartment |
| Laundry Level | :Lower Level |
|---|
20 Aug, 2026
TREB #X13696882
Listed
$629000.0
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