$729,000 - 74 Royal Avenue, Hamilton
Detached for Sale in Hamilton
Neighbourhood: Ainslie Wood
- MLS Number
- X13617912
- Property Type
- Detached
- Status
- active
- Days on Site
- 25
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to this charming brick bungalow in Hamilton's sought-after Ainslie Wood neighbourhood, offering an exceptional opportunity for families, investors, or those seeking income potential. Ideally situated just minutes from McMaster University, McMaster Hospital, parks, schools, shopping, public transit, and major highways, this home combines everyday convenience with outstanding versatility.Step inside to a bright and inviting main level featuring a spacious living room filled with natural light, a functional kitchen with ample cabinetry, two well-sized bedrooms, and a 3-piece bathroom. The thoughtful layout provides comfortable everyday living while maintaining the warmth and character of this well-maintained home.The fully finished basement expands the living space with three additional bedrooms, a second 3-piece bathroom, and excellent flexibility for extended family, guests, or student accommodations. With five bedrooms in total, this property presents an excellent investment opportunity in one of Hamilton's strongest rental markets.Situated on a generous 37.5' x 100' lot with private parking for two vehicles, the home also offers outdoor space to relax, entertain, or further enhance. A new central air conditioning unit was installed in 2021, providing added comfort and peace of mind. The property is currently generating $3,800 per month in rental income, making it an attractive turnkey investment.Located in one of Hamilton's most desirable west-end neighbourhoods, just steps to McMaster University, McMaster Hospital, scenic trails, restaurants, transit, and everyday amenities, this move-in-ready property offers an outstanding opportunity for both investors and homeowners alike.
Estimate your monthly payments for this property
Estimated Payment
$3,740.15/mo
Includes CMHC insurance ($20,339)
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.
74 Royal 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 $1041/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.
Market Position
At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 5 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.