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Ainslie Wood, Hamilton
$799,800
Excellent investment opportunity in a prime Hamilton location, just a short walk to McMaster University and close to all major amenities including shopping, transit, and dining. This licensed rental property with the City of Hamilton is an ideal turnkey investment, currently tenanted and generating income. The property has been well maintained with several key updates completed, including new eavestroughs, gutters, and downspouts (2020), a new laundry dryer (2024), and professionally renovated staircases from the main floor to both the second floor and basement (2018). A 7x7 shed was added in 2019 for additional storage, and all hardwired smoke and carbon monoxide detectors were recently replaced in January 2026 for added safety and compliance. A fantastic opportunity for investors seeking a well-located, income-producing property in a highly desirable student rental area. Tenant agreements in place from May 2026 through April 2027.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,985 |
| Lot Size | 40 ft x 130 ft |
| mls© Number | X13134044 |
| Listed By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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%
- $4,094
- Property tax
- $582
- Heat allowance
- $150
- Housing costs
- $4,826 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$148,000
gross annual household income
- Payment at 4%
- $3,366 / mo
- Cash down
- $159,960
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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