12 Mayflower Avenue, Hamilton, ON L8L 2K4
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.
Basement
Unfinished
Bathrooms
2 × 3-piece
Fireplace
No
Family room
No
Kitchens
1
Rooms (above / below grade)
5 above, 0 below
Architectural style
2-Storey
Construction materials
Board & Batten
Roof
Asphalt Shingle
Direction faces
South
Garage type
None
Garage spaces
0
Total parking spaces
1
Driveway parking
1
Lot size
19 x 90 ft
Cross street
Mayflower Ave. & Gage Ave. N
Directions
Gage Ave. N, East on Mayflower Ave.
Neighbourhood
Crown Point
Heating
Forced Air — Gas
Cooling
Central Air
Water
Sewer
Sewer
List price
$505,000
Original list price
Annual taxes
$2,280
Tax year
2025
Assessment year
2026
Legal description
PT LT 79, PL 442 , AS IN VM150017 ; HAMILTON
Inclusions
Exclusions
MLS #
X13541324
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
Available
Occupancy
Tenant
Listing brokerage
EXP REALTY
$459,900
Median list price
33
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$2,421
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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