131 Leland Street

About this Property

Your next McMaster University investment or student home or family home awaits at 131 Leland Street, Hamilton. Valid Hamilton Rental Establishment License. License available for review by a qualified purchaser. This turnkey, fully rented property generates $6,465/month in gross rental income. Tenants must be assumed by the buyer. Utilities paid by the owner. Situated on a quiet cul-de-sac street on a premium 45x100 ft lot with future expansion potential, this updated detached home features 8 spacious bedrooms, 2 full kitchens (each equipped with fridge, stove, and dishwasher), 2 separate entrances with keypad entry, two 3-piece bathrooms, and 2 sets of stackable washer/dryer units. Mechanical & structural updates 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 bright basement features four oversized 3x3 ft egress windows with large window wells for excellent natural light. All municipal utilities connected (water, sewer, gas, hydro, high-speed internet). In addition, key licensing improvements were completed, including exterior painting, basement room tile replacement, exterior outlet covers, fire safety compliance, and professional duct cleaning. Outside offers private parking for 6 vehicles and a generous backyard. Professionally painted throughout and available semi-furnished (twin beds, study desks, and chairs) for an effortless rental setup. An exceptional cash-flowing opportunity for investors seeking strong in-place income or parents securing quality housing for students attending McMaster University in a prime campus-adjacent pocket. All current tenants are McMaster University students.

Listing Details

MLS #

40875967

Board

ITSO

Market

ontario

Property Type

Single Family Residence

Style

Cape Cod

Year Built

1951

Parking Spaces

6

Basement

Full, Finished

Heating

Forced Air, Natural Gas

Cooling

Central Air

Lot Size

47.75 × 96.39 ft

Annual Taxes

$6,089/yr

Listed By

REMAX Escarpment Realty Inc.

Presented By

REMAX Hallmark®

Listed On

November 12, 2026

Days on Market

0

Features & Extras