Type: Detached
Style: 2-Storey
Size: Sq Ft
Age: Years
Taxes: $ 2,280 ( 2025)
Updated: 2026-07-09 03:01:06
This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 12 Mayflower Avenue, Hamilton is 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.
Detached
Status: For Sale
MLS #: X13541324
Price: $ 505,000
Address: 12 Mayflower Avenue
Type:
Style: 2-Storey
Size: Sq Ft
Age: Years
Front On:
Taxes: $ 2,280
Tax Year: 2025
Lot Size:
Neighbourhood: Crown Point
Nearest Intersection: Mayflower Ave. & Gage Ave. N
City: Hamilton
Postal Code: L8L 2K4
DOM: 4 Days
Last Update: 2026-07-09 03:01:06
Bedrooms: 4
Bathrooms: 2
Rooms: 0
Kitchens: 1
Family Room:
Fireplace:
Basement: Unfinished,
Central Vacuum:
Exterior: Board & Batten ,
Driveway:
Garage:
Garage Spaces:
Parking Spaces: 1.00
Pool:
Electricity (Hydro):
Gas:
Phone:
Cable TV:
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: Central Air
Water:
Sewers: