39 Broadway Avenue , Hamilton, ON L8S 2V6
Hamilton, ON L8S 2V6
Description
An exceptional LICENSED student rental in one of the most sought-after locations within a 2 minute walk of McMaster University. This turnkey investment property offers 6 spacious bedrooms, 3 full bathrooms, and 2 kitchens, currently generating $46K in annual rental income with the potential to increase to $65K+. Sitting on a spacious 45x140ft lot with a large backyard, this property offers future income expansion opportunities by creating more bedrooms in the basement or the potential of a garden suite (buyers do own due diligence). Buyers will appreciate the recent updates, including: Roof (new plywood and shingles, 2021), Exterior Waterproofing (2022), Updated Electrical (2016), New Furnace (2025), Concrete Walkway (2022) and Side Door Entrance (2023). Location is everything! Just a 2-minute walk to McMaster, Starbucks, Williams Café, Public Bus Stop and numerous other restaurants/shops, making this an ideal rental for students. The current lease expires in Apr 2025. Don’t miss out on this high-demand investmentbook your private showing today!
Details
| MLS# | 40688933 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 7 |
| Listing Provided By | EXP Realty | Bernard Arzadon |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,627 |
| Basement | Y |
| Zoning | R1 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Zip Code | L8S 2V6 |
| Area | 11 Hamilton West |
| Subarea | 113 Ainslie Wood |
| Community Name | 113 Ainslie Wood |
| Listing VS Median (in 113 Ainslie Wood) | |
Price: $974,900 low | high Med: $419,900 SqFt: 1,627 low | high Med: 1,100 $ / SqFt: $599 low | high Med: $382 On Site: 7 low | high Med: 130.000000 | |
