101 MERNA AVENUE, Hamilton (Ainslie Wood), Ontario, L8S2L1
MLS: X12962540 | House (Freehold)
$739,900
Property Description
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 Of Hamilton As Part Of The Rental Licensing Process. ESA Documentation 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 with the city. Photos Were Taken Prior To Current Tenant Occupancy. (id:64974)
Quick Facts
- Property Type: House (Freehold)
- Bedrooms: 8 (5 above, 3 below)
- Bathrooms: 3
- Ownership: Freehold
- Attached: No
- Parking: 2.0 spaces (No Garage)
- Frontage: 68 ft (20.7 m)
Costs
- Annual Taxes: $5,928.67 (2026)
Listing Provided by: SUTTON GROUP-ADMIRAL REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: Finished, Separate entrance, N/A, N/A
- Appliances: Washer, Stove, Dryer, Freezer, Two Refrigerators
- Flooring: Hardwood
Exterior & Construction
- Exterior: Brick
- Foundation: Block
- Fencing: Fenced yard
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 68 ft (20.7 m)
- Features: Cul-de-sac
- View: View
Community & Neighbourhood
- Neighbourhood: Ainslie Wood
Room Details (10 rooms)
Listing Information
Listing History
MLS listing activity for 101 MERNA AVENUE, Hamilton (Ainslie Wood), Ontario, L8S2L1 — dates reflect when changes were recorded in the DDF
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Neighborhood Walkability
Mortgage & Cost Calculators
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101 MERNA AVENUE, Hamilton (Ainslie Wood), Ontario, L8S2L1