16 Mapes Avenue
Hamilton, ONTARIO L8S 2K4

Description

Single Family home currently tenanted. 5 min. Walk to Mc Master University. Parking for 4 to 6 cars.Two Kitchens, 2 baths. Fully fire regulation compliant. Home has 10 student rooms on group lease for $5350.00 per month plus utilities. Less, Expenses of $609.00 equal $4,741.00 net before debt service. Assumable existing mortgage, 25 yr amort, 4.1% of $588,200 with payments of $3,129.00 per month. Positive Cash flow is $2,221.00 per month. This is a 7.5% annual return on the $356,200 down payment Below is a link to a feature article from the Canadian Real Estate Wealth Publication. "Where to find Ontario's best Student Housing." for a positive read on Hamilton Student housing investments. Please copy and past to your address bar file:///C:/Users/Ron/Desktop/Where%20to%20find%20Ontario's%20best%20student%20housing.html

Details

MLS#H4044175
StyleHouse
Sub-TypeResale
StatusContingent
Days On Site135

Features

Bed(s)10
Bath(s) 2 Full
SQ Feet1,430
Story(s)Bungalow Raised

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Area Information

ProvinceOntario
CountyHamilton
CityHamilton
Postal CodeL8S 2K4
AreaHamilton
Community NameAinslie Wood
Listing VS Median (in Ainslie Wood)
Price:
$945,000
low | high
Med:
$528,888
94.033015873016% of Average
SqFt:
1,430
low | high
Med:
947
83.776223776224% of Average
$ / SqFt:
$661
low | high
Med:
$558
65.488080990932% of Average
On Site:
135
low | high
Med:
9
100% of Average
Listing Updated: 05/25/2019
MLS Number: H4044175
Listing Provided By:
Ron Tomblin  of  RE MAX Escarpment Realty Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.