12
See all 12 photos
$505,000
Est. payment /mo
4 Beds
2 Baths
Active
12 Mayflower AVE Hamilton, ON L8L 2K4
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UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Crown Point
MLS Listing ID X13541324
Style 2-Storey
Bedrooms 4
Annual Tax Amount $2,280
Tax Year 2025
Property Sub-Type Detached
Property Description
12 Mayflower Avenue, Hamilton is an investment property within a portfolio. 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.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Basement Unfinished
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 1
Building
Foundation Unknown
Lited by EXP REALTY
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