27 Ainslie Avenue
Ainslie Wood, Hamilton
$1,049,000
Very spacious all brick ranch with attached garage, in prime Ainslie Woods neighbourhood, mins to McMaster, Hospital, & amenities. Offering 10 bedrooms, 2 kitchens, 2.5 Bathrooms & 2 laundry areas. Always fully leased, which allows for an exceptional investment opportunity. Separate entrance to lower level 4 bedroom unit. Could suit multigenerational families as well. Fantastic location for student demand. Existing leases to April/27.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $7,737 |
| Lot Size | 70 ft x 80 ft |
| mls© Number | X13533834 |
| Listed By | ROYAL LEPAGE STATE REALTY |
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%
- $5,369
- Property tax
- $645
- Heat allowance
- $150
- Housing costs
- $6,164 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$190,000
gross annual household income
- Payment at 4%
- $4,414 / mo
- Cash down
- $209,800
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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