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70 WARD AVENUE, Hamilton (Ainslie Wood) — listed at $629,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 3.43 x 2.9 meters |
| Laundry room | Basement | 5.68 x 3.19 meters |
| Bedroom 2 | Main level | 3.19 x 3.09 meters |
| Bedroom 3 | Main level | 3.04 x 2.87 meters |
| Bedroom 4 | Main level | 3.86 x 1.89 meters |
| Kitchen | Main level | 3.42 x 3.06 meters |
| Bedroom 5 | Upper Level | 3.39 x 3.17 meters |
| Bedroom | Upper Level | 3.07 x 2.25 meters |
| Bedroom | Lower level | 5.62 x 4.67 meters |
| Bathroom | Main level | 2.79 x 2.01 meters |
| Bathroom | Basement | 2.82 x 1.78 meters |
Is 70 WARD AVENUE a good fit for a growing family?+
With 7 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
Does it have a basement, and is it finished?+
Yes — Finished, Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Hamilton (Ainslie Wood) before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 0 spaces — No Garage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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