Key Facts
- MLS® #: 40742659
- Secondary MLS® #: X12230499
- Property ID: SIRC2483713
- Property Type: Residential, Single Family Detached
- Living Space: 900 sq.ft.
- Bedrooms: 5+2
- Bathrooms: 2
- Parking Spaces: 4
- Listed By:
- Royal LePage Burloak Real Estate Services
Property Description
Excellent turnkey STUDENT RENTAL CASH FLOWING investment opportunity in Hamilton’s desirable West Mountain. This detached bungalow sits on a wide 50-foot lot and is currently operated as a fully managed rental, just a one-minute walk to Mohawk College and the hospital. The property features a finished basement with a separate entrance, two private entrances (front and rear), and a detached garage with ample parking. Zoned for a fourplex, the property offers significant potential for future expansion or
redevelopment, adding long-term value to an already strong income-producing asset. It is professionally managed by a property management company, providing hands-off ownership. The property is currently cash-flow positive, making it ideal for investors seeking stable, passive income from day one. Located near the LINC, major shopping centers, schools, public transit, and recreational facilities, this home benefits from steady rental demand and future growth potential. A rare opportunity to secure a low-maintenance, high-yield property in one of Hamilton’s most sought-after rental locations.
Rooms
- TypeLevelDimensionsFlooring
- BedroomMain12' 9.4" x 9' 10.1"Other
- BedroomMain12' 9.4" x 9' 10.1"Other
- BedroomMain12' 9.4" x 9' 10.1"Other
- KitchenMain12' 9.4" x 14' 11.9"Other
- BedroomMain10' 11.8" x 8' 9.1"Other
- BedroomMain12' 9.4" x 16' 1.2"Other
- KitchenBasement8' 6.3" x 12' 9.4"Other
- BedroomBasement18' 1.4" x 12' 9.4"Other
- BedroomBasement18' 1.4" x 12' 9.4"Other
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Location
241 West 5th Street, Hamilton, Ontario, L9C 3N8 Canada
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- Principal and Interest 0
- Property Taxes 0
- Strata / Condo Fees 0