ATTENTION INVESTORS! Currently licensed McMaster-area rental generating $61,200 in gross annual income. Situated on a quiet court in sought-after Ainslie Wood, this detached 3+3 bedroom bungalow offers an established rental setup close to McMaster University, transit, shopping and everyday amenities. Currently rented for $5,100 per month, with tenants paying all utilities except water. The property is leased until May 2027, providing immediate rental income from closing. Buyers must assume the existing tenancy. The functional layout features three main-floor bedrooms, a spacious kitchen, separate dining area and full bathroom. The finished lower level offers three additional bedrooms, a recreation area, second full bathroom and convenient kitchenette. Outside, the property provides parking for three vehicles and a private backyard with no rear neighbours. An excellent opportunity to acquire a licensed, fully tenanted, income-producing detached property in one of Hamilton's strongest student-rental locations. Offers will be reviewed September 3, 2026.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Approx. Age:
51-99
Total Approx Floor Area:
700-1100
Lot Depth:
100'6"30.6 m
Lot Frontage:
40'12.2 m
Direction Faces:
South
Bedrooms:
3+3
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
2
Kitchens in Basement:
1
Bedrooms Above Grade:
3
Bedrooms Below Grade:
3
Kitchens Above Grade:
1
Rooms Above Grade:
5
Rooms Below Grade:
5
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete Block
Roof:
Asphalt Shingle
Basement:
Full, Finished, Apartment
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private Double
Parking Spaces:
3
Total Parking Spaces:
3.0
Family Room:
No
Possession Details:
Immediate
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$5,450.3 /
2026
Assessment:
$- /
-
Hamilton
Hamilton
Ainslie Wood
Primary Bedroom - Main Floor, On Demand Water Heater
Data was last updated September 1, 2026 at 10:15 PM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$749,900
Min list price:
$599,900
Max list price:
$3,250,000
Avg days on market:
56
Min days on market:
3
Max days on market:
120
These statistics are generated based on the current listing's property type
and located in
Ainslie Wood. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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