HN
142 Ewen Road, Hamilton, ON L8S 3C7, Hamilton, ON
+7 photos
$880,000

142 Ewen Road, Hamilton, ON L8S 3C7, Hamilton, ON

Hamilton, ON L8S 3C7
7 beds 3 baths Detached

About this home

Turnkey Cash-Flow Opportunity Near McMaster! Exceptional 7-bedroom, 3-bathroom income property offering 2,068 sq ft of above-grade living space on a generous 60x145 ft lot in prime Ainslie Wood. City of Hamilton Licensed rental property(1 unit, 7 bedrooms). Designed for strong rental performance, the home features 3 full bathrooms (one on each floor), three separate entrances (front, side and rear), and parking for up to 8 vehicles. The main floor bedroom includes a wet sink and kitchen setup with excellent potential to convert into a self-contained 1-bedroom suite with separate rear access. Durable metal roof, spacious and bright interior with abundant natural light throughout. A separate detached garage adds flexibility and additional value. Currently generating $5,600/month in rental income, delivering solid positive cash flow. With its expansive layout, there is also potential to add two additional bedrooms (buyer to verify), further enhancing income potential. A rare scalable investment opportunity in one of Hamilton's most sought after rental pocket. 2023 Furnace, AC and Fridge.

Property Score

63/ 100
Overall Property Score
good

A blend of both buyer and investor metrics.

Score breakdown
Walkability
65/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
70/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
115% of city avgfair
Priced above Hamilton's average of $765,000.
Appreciation Trend
+1.8%/yrgreat
Hamilton has seen +1.8% YoY price change.
Monthly Cash Flow
-$1,281/mopoor
Estimated -$1,281/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
3.87%great
Net operating income divided by purchase price.
Basement Suite Potential
+$1,440/moexcellent
Existing/legal suite estimated at $1,440/mo additional income.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13041366
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.