101 Merna Avenue
Hamilton (Ainslie Wood), ON L8S 2L1
- 5+3Bedrooms
- 3Bathrooms
- 0Garage
- 1100–1500Sq Ft
- $5,929Tax
- 68×116 ftLot Size
Estimated Value:$718,032See Free Estimate Report
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 101 Merna Avenue, Hamilton, Ainslie Wood
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-04-07 | 2026-04-27 | Login to See Prices | Sold | x12962540 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 101 Merna Avenue, Hamilton, Ainslie Wood
Summarized Description
- Turnkey licensed student rental near McMaster University.
- Fully rented with 5+3 bedrooms and 3 bathrooms.
- Located on a quiet residential court with parkland.
- Gross annual rental income of approximately $62,000.
- ESA compliant electrical systems with certification.
- Convenient access to transit and major highways.
- No outstanding work orders per city report.
- Buyer to assume existing tenancies through April 2027.
Turn Key Licensed Student Rental Opportunity In The McMaster University Area Of Hamilton. Rare Investment Offering A Fully Rented Property Currently Configured As 5+3 Bedrooms, 3 Bathrooms, Situated At The End Of A Quiet Residential Court Backing Onto Expansive Parkland, Offering Exceptional Privacy And A Rare Green Space Setting In A High-Demand Student Rental Pocket. Convenient Access To McMaster University By Walking, Biking Or Transit And Just Minutes To Westdale Village, Main Street W, King Street W, Transit Routes And Major Highways. Currently Operating As An Income Property With Gross Annual Rental Income Of Approximately $62,000, With Tenant Agreements In Place Through April 2027. Property Currently Licensed With The City Of Hamilton As A Rental Housing - Single Family Dwelling Establishment Licence (1 Unit - 8 Bedrooms). Electrical Systems Inspected And Deemed ESA Compliant, With Compliance Accepted By The City. ESA Certification Currently In Place With The Present Owner (Expiry January 6, 2029). City Property Report Indicates No Outstanding Work Orders. Buyer To Assume Existing Tenancies In Accordance With The Residential Tenancies Act. Buyer To Verify Zoning, Permitted Use, Licensing Requirements And Conduct Their Own Due Diligence Regarding Future Use. Photos Were Taken Prior To Current Tenant Occupancy.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,929
- Land Transfer Tax Fee
- $11,273
Rental Items
- Rental Equipment
- Hot Water Tank
- Basement Type
- Finished, Separate Entrance
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Cul de Sac/Dead End, Fenced Yard, Clear View, Park, School, Public Transit
Building
- Building Type
- Detached
- Building Style
- 1 1/2 Storey
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Block
- Special Designation
- Unknown
Lot
- Lot Front
- 68.00 ft
- Lot Depth
- 116.00 ft
Inclusions
- Inclusions
- 2 Fridge, 1 Freezer, 1 Stove, Washer And Dryer (2nd Set Of Washer/Dryer In The Shed As Is Condition)
Exclusions
- Exclusions
- All Tenant Owned Chattels, Personal Belongings And Furniture
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 2
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 5 + 3
- Washrooms
- 3
- Kitchens
- 1
Room sizes
- Kitchen—Main level, Eat-in Kitchen, Large Window, Breakfast Bar
- Living Room—Main level, Hardwood Floor, W/O To Deck, Sliding Doors
- Bedroom—Main level, Hardwood Floor, Large Window
- Bedroom 2—Main level, Hardwood Floor, Large Window
- Bedroom 3—Upper level, Hardwood Floor, Large Window, Closet
- Bedroom 4—Upper level, Hardwood Floor, Large Window, Closet
- Bedroom 5—Upper level, Hardwood Floor, Large Window
- Bedroom—Basement level, Hardwood Floor, Large Window
- Bedroom—Basement level, Hardwood Floor, Large Window
- Bedroom—Basement level, Hardwood Floor, Large Window
Washrooms
- 4-piece, Main
- 3-piece, Upper
- 3-piece, Basement
- Municipality
- Hamilton
- Neighbourhood
- Ainslie Wood
- Main cross streets
- Merna Ave/Leland St/Whitney Ave
- Directions
- From Main Street West, Turn Onto Whitney Ave, Then Turn Onto Merna Ave. Property Is Located In The Cul-De-Sac.
- MLS® number
- X12962540
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-27
- Listed on
- 2026-04-07
- Days on market
- 20 days
- Possession type
- Flexible
- Co-op commission
- 2% +HST With Thanks
- Seller
- Listed by
- SUTTON GROUP-ADMIRAL REALTY INC.
Home Market Value
Current home valuation for 101 Merna Avenue, Hamilton, Ainslie Wood, Hamilton, ON. Listed for $739,900
HOMEH Estimate
$718,032
Estimated Sales Range
$502,622 - $933,442
HOMEH Estimate for 101 Merna Avenue, Hamilton, Ainslie Wood
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $239,900 over $500K
$48,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $27,613 | $20,643 | $17,610 | $0 |
=Total mortgage | $717,940 | $686,553 | $646,525 | $591,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,505monthly | $3,352monthly | $3,157monthly | $2,890monthly |
Land Transfer Tax
$11,273
$11,273
Around this home
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