$629,900
For sale: Detached

Exceptional investment opportunity in the highly sought-after Ainslie Wood neighbourhood, just a short walk from McMaster University. This spacious 8 bedroom home offers approximately 1,450 sq. ft. above grade and is designed for strong rental income potential. Features include generously sized bedrooms, hardwood flooring throughout, a beautifully renovated second-floor bathroom, and a finished basement with a separate entrance, additional bedrooms, and laundry. Currently generating excellent income with a projected cap rate exceeding 6%, the property also offers future upside with three bedrooms vacant or becoming available by the end of the summer. Enjoy a large rear deck, extended private driveway with ample parking, and a location consistently in demand among students and professionals alike. Ideal for investors, multi generational families, or owner occupants seeking mortgage assistance. Conveniently located near transit, parks, shopping, restaurants, major highways, and all amenities. A rare opportunity to own a versatile income producing property in one of Hamilton's most desirable neighbourhoods.
Sold data
Detached homes in Hamilton (Ainslie Wood) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 52, across 833 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $767,777.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 833 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Hamilton (Ainslie Wood) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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