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Ainslie Wood, Hamilton
$744,900
INVESTORS: Move-in ready and meticulously maintained, 7 rooms near McMaster at $750/room = $63,000 gross annual rent, approx. $51,000 net before mortgage. 3+4 bedroom detached bungalow, vacant and ready to lease. Roof 2019, furnace 2021, A/C 2022, owned water heater. Main floor has 3 bedrooms, hardwood, quartz kitchen counters, and a new front door, sliding door and interior doors (2022). Lower level has 4 bedrooms, a second kitchen, an updated bath, newer windows and a separate entrance with a new door (2021). Includes 2 fridges, 2 stoves, 2 microwaves, 2 dishwashers, washer and dryer. Previously set up as two separate units. Main-floor laundry was removed, but its electrical and plumbing remain, making it easy to convert back. Over 2,000 sq ft finished. 3-minute walk to transit, approx. 5 minutes to McMaster by bus. Also a clean, well-kept option for parents buying for a student. Don't delay!
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,653 |
| Lot Size | 49 ft x 100 ft |
| mls© Number | X13830154 |
| Listed By | RE/MAX ESCARPMENT REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,813
- Property tax
- $471
- Heat allowance
- $150
- Housing costs
- $4,434 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$136,000
gross annual household income
- Payment at 4%
- $3,135 / mo
- Cash down
- $148,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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