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.
| MLS # | 40858707 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 7 |
| Listing Provided By | Rock Star Real Estate Inc. | Timothy Wai Ming Hong |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,055 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | C/S-1335 |
| Acreage | 0.09 |
| Appliances | Instant Hot Water, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Rooms Total | 12 |
| Interior Features | In-law Capability, In-Law Floorplan |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Lot Features | Urban, Other |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Open Parking Yes / No | Yes |
|---|
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 5450.3 |
|---|
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8S 2P7 |
| Area | 11 Hamilton West |
| Subarea | 113 Ainslie Wood |
| Community Name | 113 Ainslie Wood |
| Listing VS Median (in 113 Ainslie Wood) | |
Price: $599,900 low | high Med: $324,900 sqft: 1,055 low | high Med: 915 $ / sqft: $569 low | high Med: $360 On site: 7 low | high Med: 110.5 | |
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8S 2P7 |
| Area | 11 Hamilton West |
| Subarea | 113 Ainslie Wood |
| Community Name | 113 Ainslie Wood |
| Listing VS Median (in 113 Ainslie Wood) | |
Price: $599,900 low | high Med: $324,900 sqft: 1,055 low | high Med: 915 $ / sqft: $569 low | high Med: $360 On site: 7 low | high Med: 110.5 | |