12 Mayflower Avenue,Hamilton (Crown Point), ON L8L2K4
Hamilton (Crown Point), ON L8L2K4
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. (id:13843)
Details
| MLS # | X13541324 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 105 |
| Listing Provided By | EXP REALTY | Mina Bishay |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,100 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Unknown |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 1 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2280 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Hamilton (Crown Point) |
| Postal Code | L8L2K4 |
| Listing VS Median (in L8L2K4) | |
Price: $505,000 low | high Med: $505,000 sqft: 1,100 low | high Med: 1,100 $ / sqft: $459 low | high Med: $459 On site: 105 low | high Med: 105 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton (Crown Point) |
| Postal Code | L8L2K4 |
| Listing VS Median (in L8L2K4) | |
Price: $505,000 low | high Med: $505,000 sqft: 1,100 low | high Med: 1,100 $ / sqft: $459 low | high Med: $459 On site: 105 low | high Med: 105 | |
