• 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 (id:5764)

    KEY DETAILS
    • Price:
    • $945,000
    • Bedrooms:
    • 10
    • Full Baths:
    • 2
    • Square Footage:
    • 1,430
    • Acreage:
    • n/a
    • Listing #:
    • H4044175
    • Street Address:
    • 16 Mapes Avenue
    • City:
    • Hamilton
    • State:
    • ON
    • Postal Code:
    • L8S2K4
    • Listing Status:
    • For Sale - Active

    Building

    • Fireplace:
    • Other - See Remarks
    • Total Building Square Footage:
    • 1430

    Land

    • Road Frontage:
    • 64 Ft

    Rooms

    • Bedroom Description:
    • 3pc Bathroom

    Structures

    • Has Garage:
    • Yes
    • Parking Spaces:
    • 6

    Systems

    • Cooling System:
    • Central Air Conditioning
    • Has Central Air Conditioning:
    • Yes
    • Heating Fuel:
    • Natural Gas
    • Sewage Type:
    • Municipal Sewage System

    Source

    • Listing provided by RE/MAX Escarpment Realty Inc.

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    NOTES

    No notes have been added for this home.

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