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$622K · 6+1 bed Detached · Ainslie Wood, Hamilton | MyPropertyScout

$622,000

70 Ward Avenue

6+12TenantOccupied

Map

$622,000

A●●●○○DOM16days

70 Ward Avenue

Hamilton · Ontario L8S 2E9

MLS® X13426880 · Ainslie Wood · L8S 2E9

6+12TenantOccupied1100-1500 ft²DetachedNone16d$478/ft²Lot 25 x 100 ft$5,248 tax/yr

14% below market · 16 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Prime Investment Opportunity in one of Hamilton's most resilient rental markets, steps from McMaster University! **Rental License Application Submitted to City of Hamilton** DETACHED 6+1 Bedroom TURNKEY STUDENT RENTAL with SEPARATE ENTRANCE to Basement - potential IN-LAW-SUITE. Located on a quiet street in the highly desirable Ainslie Wood neighbourhood, perfect for investors seeking steady income or end-users with extended families and tenants. GOOD LOT 100 ft deep. Thoughtfully configured to m…

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Property details

MLS#: X13426880
Status: Buy Now
Beds: 6+1
Baths: 2 full, 0 half
Size: 1100-1500
Style: 1 1/2 Storey
Type: Detached
Year built: —

Roof: Asphalt Shingle
Foundation: Concrete Block
Property features: Hospital, Public Transit

Garage: None
Garage spaces: 0
Parking: 0 total
Lot: 25 × 100
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Vinyl Siding
Fronting on: North
Cross street: Main St W & Emerson St
Basement: Apartment, Finished, Separate Entrance, Walk-Up
Stories: —
Utilities: —
Laundry: —
Interior: Carpet Free, In-Law Capability
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Main	Bedroom	2.9m × 3.43m
Main	Bedroom 2	3.09m × 3.19m
Main	Bedroom 3	2.87m × 3.04m
Main	Bedroom 4	1.89m × 3.86m
Main	Kitchen	3.06m × 3.42m
Upper	Bedroom 5	3.17m × 3.39m
Upper	Bedroom	2.25m × 3.07m
Lower	Bedroom	4.67m × 5.62m
Main	Bathroom	2.01m × 2.79m
Basement	Bathroom	1.78m × 2.82m
Basement	Laundry	3.19m × 5.68m
—	—	—

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Source: TRREB/PROPTX · MLS® X13426880

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$622K

70 Ward Avenue · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $622,000✓ $5,248 tax✓ Gas✓ 1100-1500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,963/mo

incl. closing costs (yr 1)

Annual total

$59,551

year 1

Mortgage only

$2,360/mo

principal + interest

Beyond mortgage

$1,402/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$124,400

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$437/mo

Utilities

Hydro / electricity$91/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$91/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,220/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,915

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)48% $28,316/yr

Property taxes24% $14,163/yr

Utilities7% $4,152/yr

Insurance & security3% $1,600/yr

Maintenance10% $6,220/yr

Closing costs9% $5,100/yr

Mortgage is 48% of your true cost of ownership. The other 52% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$28,316	$2,360/mo
Government & taxes
Property tax	$5,248	$437/mo
Land transfer tax(closing)	$8,915	$743/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,092	$91/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,220	$518/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$59,551	$4,963/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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70 Ward Avenue

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs