241 West 5th Street Hamilton, Ontario L9C 3N8
$629,000
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. (id:50886)
Property Details
| MLS® Number | 40742659 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Public Transit, Schools |
| Parking Space Total | 4 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 7 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 900 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 103 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | 4pc Bathroom | Measurements not available | ||
| Basement | Bedroom | 12'0'' x 18'0'' | ||
| Basement | Bedroom | 12'0'' x 18'0'' | ||
| Basement | Kitchen | 12'0'' x 8'0'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 16'0'' x 12'0'' | ||
| Main Level | Kitchen | 15'0'' x 12'0'' | ||
| Main Level | Bedroom | 8'9'' x 11'0'' | ||
| Main Level | Bedroom | 9'10'' x 12'0'' | ||
| Main Level | Bedroom | 9'10'' x 12'0'' | ||
| Main Level | Bedroom | 9'10'' x 12'0'' |
https://www.realtor.ca/real-estate/28488866/241-west-5th-street-hamilton
Contact Us
Contact us for more information
Brooke Hicks
Broker
(905) 639-1683
2025 Maria Street Unit 4a
Burlington, Ontario L7R 0G6
(905) 634-7755
(905) 639-1683
www.royallepageburlington.ca/
Cortez Ranieri
Salesperson
(905) 639-1683
2025 Maria Street Unit 4a
Burlington, Ontario L7R 0G6
(905) 634-7755
(905) 639-1683
www.royallepageburlington.ca/
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June 19 2025 05:37:56
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