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Ainslie Wood, Hamilton
$679,900
Imagine owning a true turnkey investment that starts generating cash flow the moment you take possession - with zero hassle and peace of mind built right in. This beautiful 6-bedroom detached home sits on a quiet, friendly court just minutes (by foot, bus, or quick drive) from McMaster University and every amenity you or your tenants could want. The location is pure gold for student and professional renters alike. Best part? A brand-new lease is already signed and in place until May 2027. That means immediate, reliable income with no vacancy worries and no scramble to find quality tenants. You can simply sit back and collect. Inside, the home offers a smart, functional layout that works beautifully for multi-tenant living. The main floor features three spacious bedrooms, a bright and open kitchen, separate dining area, and a full bathroom - perfect for everyday comfort. Downstairs you'll find a cozy rec room, three more generously sized bedrooms, and a convenient kitchenette that adds tremendous rental appeal. Outside, you get parking for three cars plus a quiet, private backyard with no rear neighbours - a rare find that gives tenants that extra sense of peace and space. This is the kind of low-maintenance, income-producing property that smart investors dream about.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,450 |
| Lot Size | 40 ft x 100.5 ft |
| mls© Number | X13657862 |
| Listed By | ROCK STAR REAL ESTATE 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%
- $3,480
- Property tax
- $454
- Heat allowance
- $150
- Housing costs
- $4,084 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$126,000
gross annual household income
- Payment at 4%
- $2,861 / mo
- Cash down
- $135,980
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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