Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
1 / 0
Listed 3 months ago

224 Broadway Avenue

Ainslie Wood, Hamilton

$799,800

Detached|2-Storey
6 | 3 | 0
About this home

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.

Extras

No extras listed.

Visit this home

Pick a time that works for you.

No upcoming open houses.

Got questions?

Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,985
Lot Size40 ft x 130 ft
mls© NumberX13134044
Listed ByROYAL 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.

Down payment20% · $159,960
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

Nearby listings

Comparable sales

  • No similar listings found.