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$974,900Asking Price

39 Broadway Ave

Ainslie Wood, Hamilton

Detached
6
Bedrooms
3
Baths
2
Parking
Days on Market

An exceptional LICENSED student rental in one of the most sought-after locations within a 2 minute walk of McMaster University. This turnkey investment property offers 6 spacious bedrooms, 3 full bathrooms, and 2 kitchens, currently generating $46K in annual rental income with the potential to increase to $65K+. Sitting on a spacious 45x140ft lot with a large backyard, this property offers future income expansion opportunities by creating more bedrooms in the basement or the potential of a garden suite (buyers do own due diligence). Buyers will appreciate the recent updates, including: Roof (new plywood and shingles, 2021), Exterior Waterproofing (2022), Updated Electrical (2016), New Furnace (2025), Concrete Walkway (2022) and Side Door Entrance (2023). Location is everything! Just a 2-minute walk to McMaster, Starbucks, Williams Cafe, Public Bus Stop and numerous other restaurants/shops, making this an ideal rental for students. The current lease expires in Apr 2025. Don't miss out on this high-demand investment, book your private showing today!

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Tour this home:

An exceptional LICENSED student rental in one of the most sought-after locations within a 2 minute walk of McMaster University. This turnkey investment property offers 6 spacious bedrooms, 3 full bathrooms, and 2 kitchens, currently generating $46K in annual rental income with the potential to increase to $65K+. Sitting on a spacious 45x140ft lot with a large backyard, this property offers future income expansion opportunities by creating more bedrooms in the basement or the potential of a garden suite (buyers do own due diligence). Buyers will appreciate the recent updates, including: Roof (new plywood and shingles, 2021), Exterior Waterproofing (2022), Updated Electrical (2016), New Furnace (2025), Concrete Walkway (2022) and Side Door Entrance (2023). Location is everything! Just a 2-minute walk to McMaster, Starbucks, Williams Cafe, Public Bus Stop and numerous other restaurants/shops, making this an ideal rental for students. The current lease expires in Apr 2025. Don't miss out on this high-demand investment, book your private showing today!

  OPEN HOUSE

Key Info

  • 1.5-Storey Detached
  • 2-Car Private Driveway
  • No Garage
  • Main St W and Broadway Ave
  • 51-99 Years Approximate Age
  • Basement: Finished, Separate Entrance
  • 1 + 1 Kitchens
  • Forced Air Gas Heating
  • Central Air

Property

  • Lot Size 45 x 140 Feet
  • < .50 Acreage
  • Aluminum Siding/Vinyl Siding Exterior
  • Taxes were $5,749 in 2024
  • Possession: Immediate

Details

  • Fireplace
  • Family Room
  • Sewers
  • Municipal Water
  •  
  • MLS #X11952957
  • EXP REALTY

Extras

Room Floor Dimensions Details
Washroom1 3-Piece Bathroom on 2nd Floor
Washroom1 3-Piece Bathroom on Main Floor
Washroom1 3-Piece Bathroom in Basement
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Schools
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Public Catholic French
Primary
Middle
Secondary
Primary
Middle
Secondary
French Immersion Public
Commute

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60
This property has an average transit score.
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Amenities
80
This property has a high walk score.
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0 Dog Parks
0 Daycares
3 Groceries Tweed, Pane Fresco By Fortinos, Loonytique
12 Coffee Spots Starbucks, Second Cup, Reactor Cafe
53 Restaurant/Bars The Arch Noodle House, Yogurtys, Gino's Pizza
11 Park/Rec/Gyms Unshackledfitness, Beauty Essentials, Dalewood Recreation Centre
3 Hospitals Hamilton Health Sciences, McMaster University Medical Centre, Hospitals
4 Libraries Health Sciences Library, HG Thode Library Of Science & Engineering, Mills Memorial Library
23 Places of Worship Canadian Martyrs Roman Catholic Church & Saint Kateri University, Saint Georges Reformed Episcopal, Saint Margaret's Anglican Church
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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.

Hamilton  (1.2)

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.

Hamilton  ($106K)

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

UK was once home to 2.6% of immigrants.
China 1.9%
India 1.8%
Syria 1.6%
Bangladesh 1.4%

2.6% from UK
All-time

Birthplace - Recent

Bangladesh was once home to 0.8% of immigrants.
Syria 0.6%
India 0.4%
Iran 0.4%
UK 0.2%

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%