RE/MAX Escarpment Realty Inc., Brokerage
2180 Itabashi Way, Unit 4A
Burlington, ON  L7M 5A5
Each Office Independently Owned and Operated

Detached Home for Sale

MLS# H4044175 Price: $945,000

Single Family home currently tenanted. 5 min. Walk to Mc Master University. Parking for 4 to 6 cars.Two Kitchens, 2 baths. Fully fire regulation compliant. Home has 10 student rooms on group lease for $5350.00 per month plus utilities. Less, Expenses of $609.00 equal $4,741.00 net before debt service. Assumable existing mortgage, 25 yr amort, 4.1% of $588,200 with payments of $3,129.00 per month. Positive Cash flow is $2,221.00 per month. This is a 0.75% annual return on the $356,200 down payment Below is a link to a feature article from the Canadian Real Estate Wealth Publication. "Where to find Ontario's best Student Housing." for a positive read on Hamilton Student housing investments. Please copy and past to your address bar file:///C:/Users/Ron/Desktop/Where%20to%20find%20Ontario's%20best%20student%20housing.html

What's your Walk Score? 74 Very Walkable

What's your Transit Score? 62 Good Transit

Property Details: 16 Mapes Avenue (near Emerson & Mapes )
Listing# 10845


Address 16 Mapes Avenue
City Hamilton
Cross Streets Emerson & Mapes
District Hamilton West (11)
Neighbourhood Ainslie Wood (113)
Listing Agent Ron Tomblin


Sub Type Freehold Type Detached
Price $ 945,000 Lease Rate Per For Sale
Style Bungalow Raised Approx. Age 16-30 Years
Location Hamilton Construction Brick
Heating Forced Air Square Footage 1430


Property Features Auto Garage Door Remote(s)
Carpet Free
Central Vacuum Roughed-in
Fire Alarm System
Rooms 13
Bedrooms 10 Full Bathrooms 2
Half Bathrooms 0 Garage Attached
Inside Entry

Room Details All dimensions are in square feet (sq ft).

Level Name Width Length Description
M Foyer 6.5 17.11
M Eat in Kitchen 10.3 15.8
M Living Room 13.0 15.2
M Bedroom 9.6 10.6
M Master Bedroom 10.0 13.0
M Bathroom 4-Piece
M Bedroom 10.0 11.4
M Bedroom 10.10 11.8
LL Kitchen 7.3 13.0
LL Bedroom 14.2 11.4
LL Bedroom 11.4 12.3
LL Bedroom 11.3 10.5
LL Bedroom 11.4 10.10
LL Bedroom 11.4 17.4
LL Bathroom 3-Piece
M Bedroom 11.2 10.6

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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.