$739,900Asking Price
101 Merna Avenue, Hamilton, ON L8S 2L1
Ainslie Wood, Hamilton
Turn Key Licensed Student Rental Opportunity In The McMaster University Area Of Hamilton. Rare Investment Offering A Fully Rented Property Currently Configured As 5+3 Bedrooms, 3 Bathrooms, Situated At The End Of A Quiet Residential Court Backing Onto Expansive Parkland, Offering Exceptional Privacy And A Rare Green Space Setting In A High-Demand Student Rental Pocket. Convenient Access To McMaster University By Walking, Biking Or Transit And Just Minutes To Westdale Village, Main Street W, King Street W, Transit Routes And Major Highways. Currently Operating As An Income Property With Gross Annual Rental Income Of Approximately $62,000, With Tenant Agreements In Place Through April 2027. Property Currently Licensed With The City Of Hamilton As A Rental Housing - Single Family Dwelling Establishment Licence (1 Unit - 8 Bedrooms). Electrical Systems Inspected And Deemed ESA Compliant, With Compliance Accepted By The City. ESA Certification Currently In Place With The Present Owner (Expiry January 6, 2029). City Property Report Indicates No Outstanding Work Orders. Buyer To Assume Existing Tenancies In Accordance With The Residential Tenancies Act. Buyer To Verify Zoning, Permitted Use, Licensing Requirements And Conduct Their Own Due Diligence Regarding Future Use. Photos Were Taken Prior To Current Tenant Occupancy.
Turn Key Licensed Student Rental Opportunity In The McMaster University Area Of Hamilton. Rare Investment Offering A Fully Rented Property Currently Configured As 5+3 Bedrooms, 3 Bathrooms, Situated At The End Of A Quiet Residential Court Backing Onto Expansive Parkland, Offering Exceptional Privacy And A Rare Green Space Setting In A High-Demand Student Rental Pocket. Convenient Access To McMaster University By Walking, Biking Or Transit And Just Minutes To Westdale Village, Main Street W, King Street W, Transit Routes And Major Highways. Currently Operating As An Income Property With Gross Annual Rental Income Of Approximately $62,000, With Tenant Agreements In Place Through April 2027. Property Currently Licensed With The City Of Hamilton As A Rental Housing - Single Family Dwelling Establishment Licence (1 Unit - 8 Bedrooms). Electrical Systems Inspected And Deemed ESA Compliant, With Compliance Accepted By The City. ESA Certification Currently In Place With The Present Owner (Expiry January 6, 2029). City Property Report Indicates No Outstanding Work Orders. Buyer To Assume Existing Tenancies In Accordance With The Residential Tenancies Act. Buyer To Verify Zoning, Permitted Use, Licensing Requirements And Conduct Their Own Due Diligence Regarding Future Use. Photos Were Taken Prior To Current Tenant Occupancy.
See MoreKey Info
- 1.5-Storey Detached
- 2-Car Driveway
- No Garage
- Merna Ave/Leland St/Whitney Ave
- 1100-1500 Approximate Sq Feet
- Finished Basement
- 1 Kitchen
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 68 x 116 Feet
- Brick Exterior
- Taxes were $5,928 in 2025
- Possession: TBA
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X12962540
- SUTTON GROUP-ADMIRAL REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 42.65' x 32.81' | Eat-in Kitchen, Large Window, Breakfast Bar |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom on Upper | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
Ainslie Wood, Hamilton is a west GTA neighbourhood notable for its singles, renters, university grads and health and education, law & public sector professionals. It has a higher than average population of immigrants, and Mandarin speakers. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 34.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
60%
of residents are
single and loving it.
60% singles
Hamilton (46%)Renters
58%
of residents
are renters.
58% renters
Hamilton (32%)Education
47%
of residents are
university grads.
47% university grads
Hamilton (28%)Income
Average Household Income
$77K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 14% |
| Government | 12% |
| Business | 8% |
| Health | 6% |
| Trades | 5% |
Immigrants
27%
of residents were
born outside of Canada.
27% immigrants
Hamilton (25%)Birthplace - All
2.6% from UK
All-time
Birthplace - Recent
0.8% from Bangladesh
Recent
Foreign Languages
Foreign Languages
| Mandarin | 6% |
| Arabic | 3% |
| German | 1% |
| Spanish | 1% |
| Cantonese | 1% |
Religions
Religions
| Christian | 59% |
| Muslim | 5% |
| Hindu | 3% |
| Jewish | 3% |
| Buddhist | 1% |
