5 Beds 3 Bath

101 Merna Avenue, Hamilton, ON L8S 2L1

Hamilton L8S 2L1 Ontario

MLS: X12962540

$739,900

Added 11 hours 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 Of Hamilton As Part Of The Rental Licensing Process. ESA Documentation 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 with the city. 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 12 ft, 10 in x 10 ft
Living Room Hardwood Floor, W/O To Deck, Sliding Doors 10 ft, 6 in x 10 ft, 6 in
Bedroom Hardwood Floor, Large Window 13 ft, 9 in x 8 ft, 2 in
Bedroom 2 Hardwood Floor, Large Window 12 ft, 6 in x 6 ft, 11 in
Upper Bedroom 3 Hardwood Floor, Large Window, Closet 11 ft, 10 in x 9 ft, 2 in
Bedroom 4 Hardwood Floor, Large Window, Closet 11 ft, 10 in x 8 ft, 2 in
Bedroom 5 Hardwood Floor, Large Window 12 ft, 10 in x 10 ft, 6 in
Basement Bedroom Hardwood Floor, Large Window 9 ft, 10 in x 6 ft, 11 in
Bedroom Hardwood Floor, Large Window 14 ft, 5 in x 11 ft, 6 in
Bedroom Hardwood Floor, Large Window 11 ft, 10 in x 9 ft, 10 in

No property rooms available.

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