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Ainslie Wood, Hamilton
$760,000
Discover an exceptional investment opportunity ideally located within walking distance to McMaster University. This recently renovated property is perfectly suited for student housing, offering strong rental potential and consistent demand. It is also an excellent option for families, with the opportunity to generate additional rental income from the fully independent basement. With a total of 6 bedrooms, this property allows for maximum rental income by leasing each room individually. (Rental Income in this case can reach to approximately $4400/month). A spacious backyard adds to the appeal, offering plenty of room for outdoor enjoyment. Whether you are an investor looking to expand your portfolio or seeking a versatile home near a major university, this opportunity delivers both convenience and profitability.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $6,303 |
| Lot Size | 40 ft x 100 ft |
| mls© Number | X13839894 |
| Listed By | FOREST HILL REAL ESTATE 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%
- $3,890
- Property tax
- $525
- Heat allowance
- $150
- Housing costs
- $4,565 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$140,000
gross annual household income
- Payment at 4%
- $3,198 / mo
- Cash down
- $152,000
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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