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Listed 21 days ago

74 Royal Avenue

Ainslie Wood, Hamilton

$729,000

Detached|Bungalow
2 | 2 | 2
About this home

Welcome to this charming brick bungalow in Hamilton's sought-after Ainslie Wood neighbourhood, offering an exceptional opportunity for families, investors, or those seeking income potential. Ideally situated just minutes from McMaster University, McMaster Hospital, parks, schools, shopping, public transit, and major highways, this home combines everyday convenience with outstanding versatility.Step inside to a bright and inviting main level featuring a spacious living room filled with natural light, a functional kitchen with ample cabinetry, two well-sized bedrooms, and a 3-piece bathroom. The thoughtful layout provides comfortable everyday living while maintaining the warmth and character of this well-maintained home.The fully finished basement expands the living space with three additional bedrooms, a second 3-piece bathroom, and excellent flexibility for extended family, guests, or student accommodations. With five bedrooms in total, this property presents an excellent investment opportunity in one of Hamilton's strongest rental markets.Situated on a generous 37.5' x 100' lot with private parking for two vehicles, the home also offers outdoor space to relax, entertain, or further enhance. A new central air conditioning unit was installed in 2021, providing added comfort and peace of mind. The property is currently generating $3,800 per month in rental income, making it an attractive turnkey investment.Located in one of Hamilton's most desirable west-end neighbourhoods, just steps to McMaster University, McMaster Hospital, scenic trails, restaurants, transit, and everyday amenities, this move-in-ready property offers an outstanding opportunity for both investors and homeowners alike.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,466
Lot Size37.5 ft x 100 ft
mls© NumberX13617912
Listed ByRE/MAX ESCARPMENT 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%
$3,731
Property tax
$455
Heat allowance
$150
Housing costs
$4,337 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $145,800
25-yr amortization

Income needed

$133,000

gross annual household income

Payment at 4%
$3,068 / mo
Cash down
$145,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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