$689,400 - 16 Ainslie Avenue, Hamilton
Detached for Sale in Hamilton
Popular ListingNeighbourhood: Ainslie Wood
- MLS Number
- X13671982
- Property Type
- Detached
- Status
- active
- Days on Site
- 10
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Approx !!!!! $4,300/month in Rental INCOME !!!! <<<< LEGAL BASEMENT WITH SEPARATE ENTRANCE>>>>> 3+3 = 6 BEDROOMS $$$$$ . ****Walking distance from McMaster University **** Featuring 3 spacious bedrooms on the main floor and 3 additional bedrooms in the basement. This versatile property is perfectly suited for student rentals, multi-generational living, or investors looking to maximize returns. The separate entrance creates excellent income-producing possibilities, while the bright main level boasts large windows, generous living space, and a recently upgraded modern kitchen with brand-new appliances, pot lights, new basement flooring, and a new electrical sub-panel, making this a TURNKEY investment. Simply move in or start generating income immediately. #### Easy access to public transit, shopping, restaurants, parks, schools, and all major amenities ##### $$$$$ Strong rental demand driven by McMaster University $$$$, nearby hospitals, and employment hubs. Whether you're an investor seeking positive cash flow, a parent looking to house students while generating income, or a homeowner wanting a mortgage helper, this property delivers outstanding value in one of Hamilton's most desirable and consistently high-demand neighbourhoods. Huge lot size (40* 120 ) Feet. Shows 10+++++
Estimate your monthly payments for this property
Estimated Payment
$3,536.98/mo
Includes CMHC insurance ($19,234)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Ainslie Wood
Ainslie Wood is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Ainslie Wood
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Ainslie Wood offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
16 Ainslie Avenue, Hamilton
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $985/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Detached Home Advantages
Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
About Ainslie Wood
I know Ainslie Wood well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,873 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.