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$974,900
Status: For Sale
An exceptional LICENSED student rental in one of the most sought-after locations within a 2 minute walk of McMaster University. This turnkey investment property offers 6 spacious bedrooms, 3 full bathrooms, and 2 kitchens, currently generating $46K in annual rental income with the potential to increase to $65K+. Sitting on a spacious 45x140ft lot with a large backyard, this property offers future income expansion opportunities by creating more bedrooms in the basement or the potential of a garden suite (buyers do own due diligence). Buyers will appreciate the recent updates, including: Roof (new plywood and shingles, 2021), Exterior Waterproofing (2022), Updated Electrical (2016), New Furnace (2025), Concrete Walkway (2022) and Side Door Entrance (2023). Location is everything! Just a 2-minute walk to McMaster, Starbucks, Williams Cafe, Public Bus Stop and numerous other restaurants/shops, making this an ideal rental for students. The current lease expires in Apr 2025. Don't miss out on this high-demand investment, book your private showing today!
| Property Type | :Residential |
|---|---|
| MLS Number | :X11952957 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :03 Feb, 2025 (71 Days ago) |
| Source | :TRREB |
| Area | :Hamilton |
|---|---|
| Postal Code | :
L8S 2V6
|
| Price | : $974,900 |
|---|---|
| Property Taxes | :$5749.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :6 + |
|---|---|
| No. of Rooms | :2 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Cross Street | :Main St W and Broadway Ave |
| Bathrooms | :3 |
|---|---|
| Fuel | :Gas |
| Exterior Finish | :Alum Siding, Vinyl Siding |
|---|---|
| Parking Space | :2 |
| Basement | :Finished |
| Garage | :None |
|---|---|
| Park | :Park |
| Library | :Library |
03 Feb, 2025
TREB #X11952957
Listed
$974,900
