$699,999 - 16 Ainslie Avenue, Hamilton
Detached for Sale in Hamilton
40 days on market- MLS Number
- X13103558
- Property Type
- Detached
- Status
- active
- Days on Site
- 40
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- EXP REALTY
INVESTOR ALERT | PRIME McMASTER STUDENT RENTAL OPPORTUNITY! Welcome to 16 Ainslie Ave, Hamilton - a rare detached bungalow on a premium ravine lot in the highly sought-after Ainslie Wood / West Hamilton community, offering exceptional potential for investors, student rentals, multi-generational living, house hackers, or end-users seeking mortgage-helper income. Located in one of Hamilton's strongest high-demand rental markets, this versatile property features 3 spacious bedrooms on the main floor + 3 bedrooms in the finished basement, 2 full bathrooms, bright living spaces, and large windows throughout bringing in abundant natural light. The functional layout offers strong potential for an income-generating setup ideal for buyers looking to offset mortgage payments or expand their real estate portfolio near McMaster University. The home has undergone valuable recent upgrades including brand new main floor appliances, permitted pot lights, a modern upgraded kitchen, new basement flooring, and a new electrical sub-panel, providing added value and move-in-ready convenience. Rental licence application process is already in progress with the City, offering added convenience for buyers exploring student rental or income property potential (buyer to conduct own due diligence regarding licensing and permitted use). Ideally located approximately 1.5 km to McMaster University, with excellent walkability, transit connectivity, and quick access to Hwy 403, hospitals, shopping, restaurants, parks, trails, and everyday amenities. Families will also appreciate nearby schools with strong Fraser rankings in the surrounding area. A rare opportunity combining premium ravine lot, strong rental demand, excellent accessibility, future upside, and long-term investment value in one of Hamilton's most desirable rental and family-friendly neighbourhoods. Some photos are virtually staged or AI-enhanced to illustrate the property's potential.
Estimate your monthly payments for this property
Estimated Payment
$3,591.36/mo
Includes CMHC insurance ($19,530)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
16 Ainslie Avenue, Hamilton
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1000/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 40 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,917 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.