HN
40 Mayflower Avenue, Hamilton, ON L8L 2K4, Hamilton, ON
+19 photos
$599,900

40 Mayflower Avenue, Hamilton, ON L8L 2K4, Hamilton, ON

Hamilton, ON L8L 2K4
5 beds 2 baths Detached

About this home

Looking to get into the market with built-in income? Welcome to 40 Mayflower - a legal duplex ideal for first-time buyers or investors. The upper unit is currently tenanted, providing immediate rental income, while the vacant lower unit is ready for owner occupancy or to lease at market rent. Featuring a 3 bed, 2 bath upper unit and a 2 bed, 1 bath lower unit, this property offers excellent flexibility for multi-generational living or a mortgage helper setup. Converted in 2019 and recently updated with fresh paint and new flooring in the lower unit. Both units include separate entrances, private laundry, and individual electrical panels for added convenience and independence. Parking for up to 3 vehicles. Located close to schools, shopping, transit, and everyday amenities-an excellent opportunity to enter the market or add a turnkey income property to your portfolio.

Property Score

75/ 100
Overall Property Score
great

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
78% of city avggreat
Priced below Hamilton's average of $765,000.
Appreciation Trend
+1.8%/yrgreat
Hamilton has seen +1.8% YoY price change.
Monthly Cash Flow
+$484/mogood
Estimated $484/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
6.58%excellent
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® # X13073220
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.

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