$699,000
For sale: Detached

Excellent investment opportunity just approximately a two-minute walk to McMaster University! Currently operated as a furnished student rental, Currently generating approximately $5,800 in gross monthly rental income, as reported by the seller. Spacious layout offers 8 bedrooms: 3 upstairs, 3 on the main floor and 2 on the lower level-plus 3 renovated bathrooms, a main floor kitchen and basement kitchen. Finished basement includes laundry and storage. Extensively renovated since 2017, with approximately $100,000 invested in improvements, including flooring, most windows and doors, plumbing, electrical wiring, 100 Amp electrical panel and LED lighting. Roof shingles replaced approximately two years ago. Additional features include an upgraded enclosed front porch, front interlock, backyard deck, fencing and garden shed. Three entrances include basement access to the backyard, with additional backyard access from Ward Avenue and Leland Avenue. Owned furnace, central air conditioner and XL hot water tank. Conveniently located close to campus and everyday amenities..
Sold data
Homes in Ainslie Wood took a median of 31 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 59, across 83 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $669,999.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 83 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. 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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