131 Leland Street Hamilton, Ontario L8S 3A3
$839,000
Your next McMaster University investment opportunity at 131 Leland! Exceptional tenanted income property in one of the most desirable student rental locations, just steps to campus. Tenants must be assumed, however the upper unit can be available vacant starting September 2026 for buyer’s own use or future tenant selection. Updated detached home situated on a quiet dead-end street on a premium 45x100 ft lot with potential extension possibilities. Features 8 large bedrooms (4+4 layout), 2 full kitchens, 2 separate entrances with keypad entry , 2 full 3-piece washrooms, and 2 separate stackable washer/dryer sets, making it ideal for student rentals. Property includes 2 fridges, 2 stoves, 2 dishwashers, central air conditioning, updated gas furnace (2021), new vinyl flooring (2025) , updated rental hot water heater (2024), updated 200-amp electrical breaker panel (2023) with ESA-inspected wiring, updated plumbing, shingles, soffits, and eavestroughs. Basement features four oversized 3 ftx3 ft egress windows with large window wells providing excellent natural light and safety compliance. Ample parking for 6 vehicles plus a spacious backyard. Professionally painted and available semi-furnished with twin beds, study tables, and chairs. Fantastic location for student demand with excellent long-term rental stability and truly hassle-free investment potential. Strong cash flow opportunity currently generating ~$6,620/month in rental income. (id:50617)
Property Details
| MLS® Number | 40826998 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Equipment Type | Water Heater |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
| Structure | Shed |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 8 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1951 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Wood |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| None |
Land
| Access Type | Road Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 96 Ft |
| Size Frontage | 48 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C/s-1335 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 15'0'' x 11'0'' | ||
| Second Level | Bedroom | 12'6'' x 12'0'' | ||
| Basement | Bedroom | 12'8'' x 8'6'' | ||
| Basement | Bedroom | 14'0'' x 10'0'' | ||
| Basement | Bedroom | 15'10'' x 8'8'' | ||
| Basement | Bedroom | 13'4'' x 10'8'' | ||
| Main Level | 3pc Bathroom | 5' x 6' | ||
| Main Level | Kitchen | 12'0'' x 15'0'' | ||
| Main Level | Bedroom | 10'0'' x 9'0'' | ||
| Main Level | Bedroom | 10'0'' x 9'0'' | ||
| Main Level | 4pc Bathroom | 6' x 8' | ||
| Main Level | Kitchen | 14'5'' x 10'6'' |
https://www.realtor.ca/real-estate/29721427/131-leland-street-hamilton
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May 08 2026 05:50:26
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.
