81 Holmes Avenue

Ainslie Wood, Hamilton · MLS® X13871464

House · Single Family · 17 days on market

listed by KEVIN LIU, EXP REALTY

realtor's description

Prime McMaster University Student Rental Investment! This Turnkey 6-Bedroom, 2-Bathroom Home Is Currently Fully Rented To Students And Generates Approximately $4,900/Month In Rental Income, Or $58,800 Annually. Featuring 3 Bedrooms On The Main Level And 3 Bedrooms On The Lower Level, This Property Offers An Ideal Layout For Student Tenants. Excellent Location Just Minutes To McMaster University, McMaster Hospital, Shopping, Restaurants And Public Transit. Numerous Recent Updates Include New Laminate Flooring And Freshly Painted Throughout In 2022, New Furnace In 2023, And New Washer & Dryer In 2024. A Strong Cash-Flowing Investment With Excellent Student Rental Demand And Convenient Access To McMaster University. Perfect For Investors Looking For A Turnkey Income Property With Significant Rental Income And Long-Term Investment Potential! MUST SEE!!

property details

type: House, Single Family
bedrooms: 6
bathrooms: 2
parking: 0
property tax: $4,812 / yr
days on market: 17
MLS®: X13871464

features

Carpet Free

monthly cost

$3,146/mo

Mortgage $2,745 · Tax $401

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,745/ monthly

loan $504,000

25-year amortization

down payment20% · $126,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $319,455
cash to close: $126,000; down payment; transfer tax and fees not included
total paid: $823,455

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.