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Ainslie Wood, Hamilton
$749,000
Excellent opportunity in Hamilton's premier McMaster University rental district, just a short 5-minute walk to campus. This spacious 7-bedroom + Den, 3-bathroom home offers an ideal layout for student housing or multi-generational living. Recent renovations feature updated finishes throughout with no carpet for easy maintenance, on-site laundry, 4 parking spaces, a recently completed driveway with new Garage door, generous-sized bedrooms, and strong income-generating potential. Conveniently located within walking distance to McMaster University, McMaster Hospital, public transit, shopping, restaurants, and all essential amenities. Situated in the highly desirable Ainslie Wood neighbourhood with consistently strong rental demand, this property is ideal for investors, parents purchasing for university-bound students, or buyers seeking a turnkey income-producing asset.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,309 |
| Lot Size | 40 ft x 97 ft |
| mls© Number | X13478796 |
| Listed By | CENTURY 21 GREEN 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%
- $3,834
- Property tax
- $526
- Heat allowance
- $150
- Housing costs
- $4,509 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$139,000
gross annual household income
- Payment at 4%
- $3,152 / mo
- Cash down
- $149,800
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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