5 Beds 3 Bath

101 Merna Avenue, Hamilton, ON L8S 2L1

Hamilton L8S 2L1 Ontario

MLS: X12962540

$739,900

Added 1 hour ago | For Sale

Listed by: SUTTON GROUP-ADMIRAL REALTY INC.

About Property

Turn Key Licensed Student Rental Opportunity In The McMaster University Area Of Hamilton. Rare Investment Offering A Fully Rented Property Currently Configured As 5+3 Bedrooms, 3 Bathrooms, Situated At The End Of A Quiet Residential Court Backing Onto Expansive Parkland, Offering Exceptional Privacy And A Rare Green Space Setting In A High-Demand Student Rental Pocket. Convenient Access To McMaster University By Walking, Biking Or Transit And Just Minutes To Westdale Village, Main Street W, King Street W, Transit Routes And Major Highways. Currently Operating As An Income Property With Gross Annual Rental Income Of Approximately $62,000, With Tenant Agreements In Place Through April 2027. Property Currently Licensed With The City Of Hamilton As A Rental Housing - Single Family Dwelling Establishment Licence (1 Unit - 8 Bedrooms). Electrical Systems Inspected And Deemed ESA Compliant, With Compliance Accepted By The City. ESA Certification Currently In Place With The Present Owner (Expiry January 6, 2029). City Property Report Indicates No Outstanding Work Orders. Buyer To Assume Existing Tenancies In Accordance With The Residential Tenancies Act. Buyer To Verify Zoning, Permitted Use, Licensing Requirements And Conduct Their Own Due Diligence Regarding Future Use. Photos Were Taken Prior To Current Tenant Occupancy.

Features

  • House Style:Detached
  • Bathrooms:3
  • Land Size: 68 X 116
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Merna Ave/Leland St/Whitney Ave
  • Basement:Finished,Separate Entrance , Finished,Separate Entrance
  • Possession Date:TBA
  • Annual Property taxes: $5928.67
  • Bedrooms:5 +3
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X12962540

Level Type Features Dimensions
Main Kitchen Eat-in Kitchen, Large Window, Breakfast Bar 42 ft, 8 in x 32 ft, 10 in
Living Room Hardwood Floor, W/O To Deck, Sliding Doors 34 ft, 5 in x 34 ft, 5 in
Bedroom Hardwood Floor, Large Window 45 ft, 11 in x 27 ft, 11 in
Bedroom 2 Hardwood Floor, Large Window 41 ft x 23 ft
Upper Bedroom 3 Hardwood Floor, Large Window, Closet 42 ft, 8 in x 31 ft, 2 in
Bedroom 4 Hardwood Floor, Large Window, Closet 39 ft, 4 in x 27 ft, 11 in
Bedroom 5 Hardwood Floor, Large Window 42 ft, 8 in x 34 ft, 5 in
Basement Bedroom Hardwood Floor, Large Window 32 ft, 10 in x 23 ft
Bedroom Hardwood Floor, Large Window 47 ft, 7 in x 37 ft, 9 in
Bedroom Hardwood Floor, Large Window 39 ft, 4 in x 32 ft, 10 in

No property rooms available.

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