12 MAYFLOWER AVENUE, Hamilton (Crown Point), Ontario, L8L2K4
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. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-875-5957
- 705-745-4321
- 705-745-4324
- john@mcconkeyrealestate.com
- Property Address: 12 MAYFLOWER AVENUE, Hamilton (Crown Point), Ontario, L8L2K4
- Community Name: Crown Point
- Property Type: Single Family
- Title: Freehold
- Lot Size: 19 x 90 FT
- Acreage: 19 x 90 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 1
- Structure Style: House
- Style: Detached
- Storeys: 2
- Floor Space: 1100 - 1500 sqft
- Bedrooms: 4
- Bathrooms: 2-Total
- Basement Type: N/A (Unfinished)
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Wood
- Foundation Type: Unknown
Listing Office: EXP REALTY
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