12 Mayflower Ave, Hamilton, Ontario

House for Sale in Hamilton

12 Mayflower Ave, Hamilton, ON

  • CA$505,000
  • 4 BEDS
  • 2 BATHS
  • CA$505,000

House for Sale in Hamilton

12 Mayflower Ave, Hamilton, ON

  • CA$505,000
  • 4 BEDS
  • 2 BATHS
  • CA$505,000

Key Facts

  • MLS® #: X13541324
  • Property ID: SIRC3486035
  • Property Type: Residential, Single Family Detached
  • Living Area¹: 1100-1500 sq.ft.
  • Lot Size¹: 19x90 ft.
  • Bedrooms: 4
  • Bathrooms: 2
  • Parking Spaces: 1
  • Listed By:
  • EXP REALTY

Property Description

This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 12 Mayflower Avenue, Hamilton is 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.

Listing Agents

EXP REALTY

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Location

12 Mayflower Ave, Hamilton, Ontario, L8L 2K4 Canada

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¹The value refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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