101 Merna Avenue in Hamilton: Ainslie Wood House for sale : MLS®# X12962540
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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.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
1 1/2 Storey
Total Approx Floor Area:
1100-1500
Lot Depth:
116'35.4 m
Lot Frontage:
68'20.7 m
Direction Faces:
South
Bedrooms:
5+3
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
1
Bedrooms Above Grade:
5
Bedrooms Below Grade:
3
Kitchens Above Grade:
1
Rooms Above Grade:
7
Rooms Below Grade:
3
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Finished, Separate Entrance
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
2
Total Parking Spaces:
2.0
Family Room:
No
Possession Details:
TBA
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Assessment Year:
2026
Taxes:
$5,928.67 /
2025
Assessment:
$- /
2026
Hamilton
Hamilton
Ainslie Wood
Cul de Sac/Dead End, Fenced Yard, Clear View, Park, School, Public Transit
None
Hot Water Tank
2 Fridge, 1 Freezer, 1 Stove, Washer And Dryer (2nd Set Of Washer/Dryer In The Shed As Is Condition)
All Tenant Owned Chattels, Personal Belongings And Furniture
Data was last updated April 7, 2026 at 12:15 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$789,000
Min list price:
$674,900
Max list price:
$1,359,900
Avg days on market:
32
Min days on market:
5
Max days on market:
216
These statistics are generated based on the current listing's property type
and located in
Ainslie Wood. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
• More affordable than GTA cities with larger lot sizes • Close to highways, GO Transit, and the Red Hill Valley Parkway • Great mix of heritage homes, bungalows, and new builds • Access to trails, waterfalls, conservation areas, and Lake Ontario • Strong rental and resale value in revitalizing neighbourhoods
What to Expect from Hamilton Houses
From the urban core to quiet family suburbs, Hamilton homes often include:
• Detached and semi-detached houses with 2 to 4+ bedrooms • Finished basements, garages, and private backyards • Affordable options under $800K in multiple neighbourhoods • Close proximity to schools, hospitals, parks, and transit
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FAQs – Houses for Sale Hamilton
1. What is the average price of a house in Hamilton? As of 2025, detached homes typically range from $700,000 to $950,000, with semi-detached options often starting lower.
2. What areas in Hamilton are most popular for buyers? Neighbourhoods like Stoney Creek, West Hamilton, Ancaster, and East Mountain are popular for families and commuters.
3. Is Hamilton good for first-time buyers? Yes. Hamilton offers a range of entry-level homes with better affordability than many nearby cities.
4. Can I commute to Toronto from Hamilton? Absolutely. Hamilton offers GO Train access and Hwy 403/QEW routes, making it possible to commute to the GTA in under an hour.