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    For Sale - 101 Merna Avenue, Hamilton, Ontario

    Est payment $3,553/mo
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    Time on Jump  1 days

    AI Summary *

    • Fully rented property located near McMaster University with a strong rental history.
    • Configured as 5+3 bedrooms, providing ample space for students.
    • Quiet residential location adjacent to parkland for added privacy and green space.
    • Convenient access to transit, shopping, and major highways for easy commuting.
    • Licensed as a rental property with compliant electrical systems and no outstanding work orders.




    Turn key licensed student rental opportunity in the mcmaster university area of hamilton. Rare investment offering a fully rented property currently configured as 5+3 bedrooms, 3 bathrooms, situated at the end of a quiet residential court backing onto expansive parkland, offering exceptional privacy and a rare green space setting in a high-demand student rental pocket. Convenient access to mcmaster university by walking, biking or transit and just minutes to westdale village, main street w, king street w, transit routes and major highways. Currently operating as an income property with gross annual rental income of approximately $62,000, with tenant agreements in place through april 2027. Property currently licensed with the city of hamilton as a rental housing - single family dwelling establishment licence (1 unit - 8 bedrooms). Electrical systems inspected and deemed esa compliant, with compliance accepted by the city. Esa certification currently in place with the present owner (expiry january 6, 2029). City property report indicates no outstanding work orders. Buyer to assume existing tenancies in accordance with the residential tenancies act. Buyer to verify zoning, permitted use, licensing requirements and conduct their own due diligence regarding future use. Photos were taken prior to current tenant occupancy.
    Listing IDX12962540
    Address101 Merna Avenue
    CityHamilton, Ontario
    Price$739,900
    Bed / Bath8 / 3 Full
    Style1 1/2 Storey, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features NoneAmenities Cul de Sac/Dead End, Fenced Yard, Clear View, Park, School, Public TransitOwnership FreeholdBasement Finished, Separate EntranceFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  SUTTON GROUP-ADMIRAL REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    101 Merna Avenue
    Hamilton , Ontario
    8 3 $739,900
    Get more info