For Sale: 12 Mayflower Avenue, Hamilton, ON - REW
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$505,000
4 bd • 2 ba • 1100 - 1500 sf • House
12 Mayflower Avenue
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$505,000
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12 Mayflower AvenueHamilton, ON, L8L 2K4

Crown Point
  • 4 Bed
  • 2 Bath
  • 1100 - 1500 Sqft
  • House

About this home

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.
Listed by: Mina Bishay, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
$505,000
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Gross Taxes for 2025
$2,280
Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
1
Property Type
House
Lot Size
19 ft x 90 ft (1710 ft²)
Depth
90.0
Frontage
19.0
Exterior Finish
Board & Batten
Heating Type
Forced Air, Gas
Cooling
Central Air
Basement Details
Unfinished
Community
Agent details
Primary Agent
Mina Bishay
Primary Broker
EXP REALTY
Listing details
Days on REW
13 Days
MLS® Number
X13541324
Source
Toronto Real Estate Board
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25 Years
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Property Insights

Holy Name of Jesus Catholic School
  • Catholic
  • JK - 8
Holy Name of Jesus Catholic Elementary School
  • Catholic
  • JK - 8
Prince of Wales Elementary Public School
  • Public
  • JK - 8
Living Hope Christian School
  • Private
  • 9 - 12
St. Ann (Hamilton) Catholic Elementary School
  • Catholic
  • JK - 8
Adelaide Hoodless Public School
  • Public
  • JK - 8
Memorial (City) School
  • Public
  • JK - 8
Queen Mary Public School
  • Public
  • JK - 8
ÉÉC Notre-Dame
  • Catholic
  • JK - 8
St. John the Baptist Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
Mina Bishay
Office:
866-530-7737
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.