131 Leland Street, Hamilton, ON L8S 3A3

Property Description

Located at 131 Leland Street in Hamilton, this detached property offers convenient access to McMaster University and surrounding amenities. The property holds a valid Hamilton Rental Housing Licensing By-law license, available for review by qualified purchasers. Currently fully tenanted, the property generates $6,465 per month in gross rental income. Tenants are to be assumed by the buyer. Utilities are paid by the owner. Situated on a 45 x 100 ft lot on a cul-de-sac street, this updated home features 8 bedrooms, 2 kitchens, each equipped with a refrigerator, stove and dishwasher, 2 separate entrances with keypad entry, two 3-piece bathrooms, and two sets of stackable washer and dryer units. Recent updates and features include central air conditioning, gas furnace (2021), updated 200-amp electrical breaker panel (2023) with ESA-inspected wiring, rental hot water tank (2024), and vinyl flooring (2025). The basement features four oversized 3 x 3 ft egress windows with window wells, providing additional natural light. Municipal services include water, sewer, natural gas, hydro and high-speed internet. Additional improvements completed include exterior painting, basement room tile replacement, exterior outlet covers, fire safety compliance work, and professional duct cleaning. The property also offers private parking for up to 6 vehicles and a spacious backyard. Professionally painted throughout and available semi-furnished, including twin beds, study desks and chairs. A property offering multiple bedrooms, separate entrances and existing rental income, with convenient access to McMaster University and nearby amenities. All current tenants are University students.