$622,000 - 70 Ward Avenue, Hamilton
Detached for Sale in Hamilton
New — Listed 3 days ago- MLS Number
- X13426880
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 7
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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 maximize bedroom count and rental yield. Above Grade: 6 spacious Bedrooms, with closets & large windows letting in cheerful natural light, 4-piece bathroom and a large eat-in kitchen with ample storage and SIDE ENTRANCE. Lower Level: Potential In-Law Suite with Separate Entrance, additional Bedroom, 3-piece Full Bathroom, Kitchen (no appliances), and Laundry. RENOS & UPGRADES: main floor bathroom, some windows & doors, flooring (carpet-free home), basement waterproofed, plumbing main line and sewer main line replaced, new backyard deck. PRIME LOCATION: Constant demand thanks to proximity to McMaster University campus, transit, Highway 403 access, shopping, restaurants, amenities, and daily essentials. A rare chance to secure a high-performing asset with immediate income and long-term appreciation potential in a well-established neighbourhood. Whether you are a seasoned investor or a first-time buyer, DON'T MISS this one!
Estimate your monthly payments for this property
Estimated Payment
$3,191.18/mo
Includes CMHC insurance ($17,354)
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.
70 Ward 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
Competitive Pricing
At $565/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Excellent Flexibility
With 7 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 $2,592 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.