For Sale - 70 Ward Avenue, Hamilton, Ontario

Est payment $3,020/mo
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Time on Jump  1 days



Attention investors: rare, turnkey student housing goldmine in highly desirable ainslie wood, steps to mcmaster university! This detached 1. 5 storey investment property completely eliminates vacancy risk with a rock-solid, fully executed lease agreement guaranteed at $4,042/month until april 2027, plus tenants pay all the utilities and internet! This is the current tenants' 2nd year in the property and they have expressed an interest to renew again. Boasting a highly optimized, high-density layout featuring 6 +1 bedrooms and 2 bathrooms, with the option to have a living/common area in the basement with a separate entrance! This property generates an immediate, jaw-dropping 7. 8%+ gross yield with zero initial lease costs, zero vacancy downtime, and total operational stability. Unbeatable location for student renters: steps to transit, campus, local dining, and shopping. This property is the perfect add-on for a sophisticated portfolio or an ideal entry point into high-density student housing. True cash-cow opportunities like this do not last. Do the math, check the location, and submit your best offer!
Listing IDX13696882
Address70 Ward Avenue
CityHamilton, Ontario
Price$629,000
Bed / Bath7 / 2 Full
Style1 1/2 Storey, Detached
ConstructionVinyl Siding
TypeResidential
StatusFor Sale
Subtype DetachedIndoor Features Carpet Free, In-Law CapabilityAmenities Hospital, Public TransitOwnership FreeholdBasement Apartment, Finished, Separate Entrance, Walk-UpFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
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Listing Agency:  ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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70 Ward Avenue
Hamilton , Ontario
7 2 $629,000
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