40 Mayflower Avenue, Hamilton, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Crown Point. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $579,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 30 x 90 ft lot
- Features a full, separate entrance, finished, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: In-Law Suite, Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Looking to get into the market with built-in income? Welcome to 40 Mayflower - a legal duplex ideal for first-time buyers or investors. The upper unit is currently tenanted, providing immediate rental income, while the vacant lower unit is ready for owner occupancy or to lease at market rent. Featuring a 3 bed, 1 bath upper unit and a 2 bed, 1 bath lower unit, this property offers excellent flexibility for multi-generational living or a mortgage helper setup. Converted in 2019 and recently updated with fresh paint and new flooring in the lower unit. Both units include separate entrances, private laundry, and individual electrical panels for added convenience and independence. Parking for up to 3 vehicles. Located close to schools, shopping, transit, and everyday amenities-an excellent opportunity to enter the market or add a turnkey income property to your portfolio.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Public Transit, Rec./Commun.Centre, School
Interior Features
In-Law Suite, Separate Hydro Meter
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Mayflower Avenue, Hamilton, ON L8L 2K4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $579,900 in Hamilton, the legal minimum down payment is $32,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,073 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,073.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.