REDUCED
  • MLS® #: H4044175
  • 16 Mapes Avenue
  • Hamilton, Ontario L8S2K4
  • $945,000
  • 10 Beds, 2 Bath, 1430 SqFt
  • Single Family
  • Office: Re/max Escarpment Realty Inc.

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:6289)

Essential Information

  • Listing #H4044175
  • Price$945,000
  • Bedrooms10
  • Bathrooms2.00
  • Square Footage1,430
  • TypeSingle Family
  • Sub-TypeHouse

Community Information

  • Address16 Mapes Avenue
  • CityHamilton
  • StateOntario
  • Zip CodeL8S2K4

Amenities

  • AmenitiesHospital, Schools
  • Parking Spaces6
  • ParkingAttached garage, Inside Entry
  • # of Garages1

Features

Double width or more driveway, Carpet Free, Automatic Garage Door Opener

Interior

  • HeatingNatural gas Forced air
  • CoolingCentral air conditioning
  • Has BasementYes
  • BasementFinished
  • FireplaceYes
  • FireplacesWood

Exterior

  • ExteriorBrick
  • FoundationBlock

Property Location

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