Size
1627 sqft
Lot size
6300 sqft
Street frontage
-
Possession
-
Price per sqft
$599
Taxes
$5,749 (2024)
Parking Type
-
Style
1.5 Storey
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Description
An exceptional LICENSED student rental in one of the most sought-after locations within a 2 minute walk of McMaster University. This turnkey investment property offers 6 spacious bedrooms, 3 full bathrooms, and 2 kitchens, currently generating $46K in annual rental income with the potential to increase to $65K+. Sitting on a spacious 45x140ft lot with a large backyard, this property offers future income expansion opportunities by creating more bedrooms in the basement or the potential of a garden suite (buyers do own due diligence). Buyers will appreciate the recent updates, including: Roof (new plywood and shingles, 2021), Exterior Waterproofing (2022), Updated Electrical (2016), New Furnace (2025), Concrete Walkway (2022) and Side Door Entrance (2023). Location is everything! Just a 2-minute walk to McMaster, Starbucks, Williams Café, Public Bus Stop and numerous other restaurants/shops, making this an ideal rental for students. The current lease expires in Apr 2025. Don’t miss out on this high-demand investment—book your private showing today!
Broker: EXP Realty
MLS®#: 40688933
Property details
Parking:
2
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
1.5 Storey
MLS Size:
1627 sqft
Lot front:
45 Ft
Lot depth:
140 Ft
Listed on:
Feb 1, 2025
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Rooms
| Level | Name | Size | Features |
|---|---|---|---|
Main | Kitchen | 6.17 x 3.12 ft | |
Main | Bedroom | 4.11 x 3.48 ft | |
Main | Bathroom | 2.67 x 1.55 ft |
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