12 Mayflower Avenue, Hamilton
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. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 12 Mayflower Avenue, Hamilton
- Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,088 square feet
- Lot Size
- 19 x 90 FT
- Stories
- 2
- Basement
- Unfinished, N/A
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Wood
- Ownership
- Freehold
- Annual Taxes
- $2,280 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 12 Mayflower Avenue
Active Listings
62
Min Price
$384,000
Max Price
$899,900
Avg Price
$571,146
Days on Market
40
days
Sold Listings
25
Min Sold Price
$399,000
Max Sold Price
$949,900
Avg Sold Price
$580,100
Days until Sold
53
days
Price History
Listed
July 9, 2026
by EXP REALTY
Current Price
$505,000
+17.7% from last change
Type
Residential
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $505,000 | +$76,000 (+17.7%) |
| Jul 9, 2026 | $429,000 | Listed |
Contact Agent Get in touch about 12 Mayflower Avenue, Hamilton
Mina Bishay
EXP REALTY
