70 Ward Avenue, Hamilton, ON
Ainslie Wood, Hamilton · MLS® X13426880
About this home
Prime Investment Opportunity in one of Hamilton's most resilient rental markets, steps from McMaster University! **Rental License Application Submitted to City of Hamilton** DETACHED 6+1 Bedroom TURNKEY STUDENT RENTAL with SEPARATE ENTRANCE to Basement - potential IN-LAW-SUITE. Located on a quiet street in the highly desirable Ainslie Wood neighbourhood, perfect for investors seeking steady income or end-users with extended families and tenants. GOOD LOT 100 ft deep. Thoughtfully configured to maximize bedroom count and rental yield. Above Grade: 6 spacious Bedrooms, with closets & large windows letting in cheerful natural light, 4-piece bathroom and a large eat-in kitchen with ample storage and SIDE ENTRANCE. Lower Level: Potential In-Law Suite with Separate Entrance, additional Bedroom, 3-piece Full Bathroom, Kitchen (no appliances), and Laundry. RENOS & UPGRADES: main floor bathroom, some windows & doors, flooring (carpet-free home), basement waterproofed, plumbing main line and sewer main line replaced, new backyard deck. PRIME LOCATION: Constant demand thanks to proximity to McMaster University campus, transit, Highway 403 access, shopping, restaurants, amenities, and daily essentials. A rare chance to secure a high-performing asset with immediate income and long-term appreciation potential in a well-established neighbourhood. Whether you are a seasoned investor or a first-time buyer, DON'T MISS this one!
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- X13426880
- Bedrooms
- 7 (6 + 1)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 25 × 100 ft
- Cross streets
- Main St W & Emerson St
- Parking
- 0 parking
- Basement
- Apartment, Finished, Separate Entrance, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,248 / 2026
- Days on market
- 42
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
closet · laminate · window
b/i closet · laminate · window
b/i closet · laminate · window
closet · laminate · window
b/i closet · laminate · window
b/i closet · laminate · window
4 Pc Bath
laminate · window
3 Pc Bath
Laundry Sink
side door · eat-in kitchen · tile floor
Listed at $622,000, this home is about 23% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Ainslie Wood lately, sellers have been getting about 94% of asking and homes sell in about 28 days. Prices are down 10% versus a year ago.
Based on 56 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 56 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $650K, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $660K
- Bedrooms +$23K
- Bathrooms −$12K
- Adjusts to $672K
That comparable adjusts to $672K; the $806K estimate above is the median of all 56 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Total price vs nearby homes. Fair value about $806K, median of 56 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 26% below the area average of $644/sqft.
39 days longer than the Hamilton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Ainslie Wood, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Hamilton.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $497,600 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,655
- Property tax
- $437
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,093
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,915
- Estimated closing costs
- $8,915
Plus your down payment of $124,400. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $159,323
- Principal paid down
- $63,369
- Interest paid
- $95,953
- Balance remaining
- $434,231
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.