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$ 739,900
Est. payment /mo
New
101 Merna AVE Hamilton, ON L8S 2L1
8 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Ainslie Wood
MLS Listing ID X12962540
Style 1 1/2 Storey
Bedrooms 8
Annual Tax Amount $5,928
Tax Year 2025
Property Sub-Type Detached
Property Description
Turn Key Licensed Student Rental Opportunity In The McMaster University Area Of Hamilton. Rare Investment Offering A Fully Rented Property Currently Configured As 5+3 Bedrooms, 3 Bathrooms, Situated At The End Of A Quiet Residential Court Backing Onto Expansive Parkland, Offering Exceptional Privacy And A Rare Green Space Setting In A High-Demand Student Rental Pocket. Convenient Access To McMaster University By Walking, Biking Or Transit And Just Minutes To Westdale Village, Main Street W, King Street W, Transit Routes And Major Highways. Currently Operating As An Income Property With Gross Annual Rental Income Of Approximately $62,000, With Tenant Agreements In Place Through April 2027. Property Currently Licensed With The City Of Hamilton As A Rental Housing - Single Family Dwelling Establishment Licence (1 Unit - 8 Bedrooms). Electrical Systems Inspected And Deemed ESA Compliant, With Compliance Accepted By The City Of Hamilton As Part Of The Rental Licensing Process. ESA Documentation Currently In Place With The Present Owner (Expiry January 6, 2029). City Property Report Indicates No Outstanding Work Orders. Buyer To Assume Existing Tenancies In Accordance With The Residential Tenancies Act. Buyer To Verify Zoning, Permitted Use, Licensing Requirements And Conduct Their Own Due Diligence Regarding Future Use with the city. Photos Were Taken Prior To Current Tenant Occupancy.
Location
State ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Finished, Separate Entrance
Kitchen 1
Separate Den/Office 3
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 68.0
Lot Depth 116.0
Total Parking Spaces 2
Building
Unit Features Cul de Sac/Dead End,Fenced Yard,Clear View,Park,School,Public Transit
Foundation Block
Others
ParcelsYN No
Listed by SUTTON GROUP-ADMIRAL REALTY INC.
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