12 Mayflower AVE, Hamilton, ON L8L 2K4
12 Mayflower AVE, Hamilton, ON L8L 2K4
12 Mayflower AVE, Hamilton, ON L8L 2K4
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Christine Domina

Christine Domina

+1(416) 873-4747
$505,000
Est. payment /mo
4 Beds
2 Baths
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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

Family Room No

Basement Unfinished

Kitchen 1

Interior

Interior Features None

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 19.0

Lot Depth 90.0

Total Parking Spaces 1

Building

Foundation Unknown

Others

ParcelsYN No

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Listed by EXP REALTY

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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