New 12 Mayflower Avenue, Hamilton, ON L8L 2K4
Crown Point · Hamilton · ON
About this property
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.
Property details
- MLS® Number
- X13541324
- Status
- Active / New
- Transaction
- For Sale
- Property Type
- Residential Freehold
- Property Subtype
- Detached
- Bedrooms Above Grade
- 4
- Kitchens
- 1
- Living Area Range
- 1100-1500
- Lot Size
- Feet
- Lot Width
- 19.00
- Lot Depth
- 90.00
- Taxes
- $2,280
- Tax Year
- 2025
- Garage
- None
- Parking Spaces
- 1
- Parking Total
- 1.00
- Heating
- Forced Air / Gas
- Cooling
- Central Air
- Basement
- Unfinished
- Sewer
- Sewer
- Direction Faces
- South
- Cross Street
- Mayflower Ave. & Gage Ave. N
- Directions
- Gage Ave. N, East on Mayflower Ave.
- Occupancy
- Tenant
Interior Features
- Interior
- None
Exterior Features
- Pool
- None
Building & Construction
- Style
- 2-Storey
- Construction
- Board & Batten
- Foundation
- Unknown
- Roof
- Asphalt Shingle
Parking & Garage
- Garage
- None
- Parking spaces
- 1
- Parking total
- 1.00
- Covered spaces
- 0
Community & Neighbourhood
- Cross street
- Mayflower Ave. & Gage Ave. N
Utilities & Services
- Sewer
- Sewer
Location
Property History
- Listed
- July 9, 2026 3:01 am
- Listing updated
- July 14, 2026 9:29 pm
- System updated
- July 14, 2026 9:29 pm
- Photos changed
- July 9, 2026 3:01 am
- Media changed
- July 9, 2026 3:01 am
- Imported locally
- July 14, 2026 6:00 pm