12 Mayflower Avenue, Hamilton, ON L8L 2K4
Hamilton, ON, L8L 2K4 · Crown Point
About this property
12 Mayflower Avenue, Hamilton is an investment property within a portfolio. A single detached home operated as a four-room rental, offered at a 5.61% in-place cap rate on current rents. This fully-tenanted property generates $36,000 in gross annual rent and $28,334 NOI at an asking price of $505,000.The home is configured with 3 bedrooms and a bath upstairs and 1 bedroom on the main floor, plus a bathroom in the basement. Three tenants pay $750/month each in cash rent, while the fourth room is occupied by a tenant who performs maintenance and repairs in lieu of cash rent, valued at the same $750/month - gross rent is shown inclusive of this in-kind arrangement. This property carries the lowest operating-expense load in the portfolio, so every additional dollar of room rent converts to NOI at an unusually high rate. One of the four rooms is already month-to-month, with the remainder repositionable to market as tenancies turn. The detached home sits on its own lot, offering a new owner long-term flexibility - whether continued as a room rental, converted to a single-family lease, or held for appreciation.
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Board & Batten
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 1 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $2,280 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Board & Batten
- Foundation Details
- Unknown
- Roof
- Asphalt Shingle
- Basement
- Unfinished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 1
- Parking Total
- 1.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 90.00
- Lot Width
- 19.00
Financial & Tax
- Tax Annual Amount
- $2,280
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Available
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 5
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Hamilton
- Cross Street
- Mayflower Ave. & Gage Ave. N
- Directions
- Gage Ave. N, East on Mayflower Ave.
- Special Designation
- Unknown
- Showing Requirements
- List Salesperson
Location
12 Mayflower Avenue, Hamilton, ON L8L 2K4, Hamilton, ON, L8L 2K4