Space
Finished area and layout
- Square Feet
- 1,100-1,500 sqft
- Bedrooms
- 4
- Bathrooms
- 2





Hamilton, Ontario, L8L2K4
Property Snapshot
MLS #X13541324
Finished area and layout
Type, style and structure
This 4-bedroom, 2-bathroom single family in Hamilton offers 1,100-1,500 sqft of square feet on a 19 x 90 FT lot. 2 storeys. The home features forced air, natural gas heating, central air conditioning, a unfinished, n/a basement.
12 Mayflower Avenue, Hamilton is an investment property within a portfolio. A single detached home operated as a four-room rental, offered at a 5.61% in-place cap rate on current rents. This fully-tenanted property generates $36,000 in gross annual rent and $28,334 NOI at an asking price of $505,000.The home is configured with 3 bedrooms and a bath upstairs and 1 bedroom on the main floor, plus a bathroom in the basement. Three tenants pay $750/month each in cash rent, while the fourth room is occupied by a tenant who performs maintenance and repairs in lieu of cash rent, valued at the same $750/month - gross rent is shown inclusive of this in-kind arrangement. This property carries the lowest operating-expense load in the portfolio, so every additional dollar of room rent converts to NOI at an unusually high rate. One of the four rooms is already month-to-month, with the remainder repositionable to market as tenancies turn. The detached home sits on its own lot, offering a new owner long-term flexibility - whether continued as a room rental, converted to a single-family lease, or held for appreciation. (id:60351)
Cross Streets: Mayflower Ave. & Gage Ave. N. ** Directions: Gage Ave. N, East on Mayflower Ave.
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Land, frontage and setting
Price, taxes and monthly charges
Listed by Mina Bishay, EXP REALTY
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Listed by Mina Bishay, EXP REALTY · MLS# X13541324
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