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$ 629,000
Est. payment /mo
New
241 West 5th ST Hamilton, ON L9C 3N8
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Bonnington
MLS Listing ID X12230499
Style Bungalow
Bedrooms 6
Annual Tax Amount $3,600
Tax Year 2024
Property Sub-Type Detached
Property Description
Excellent turnkey 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 Hamiltons most sought-after rental locations.
Location
Province ON
County Hamilton
Community Bonnington
Area Hamilton
Rooms
Family Room No
Basement Separate Entrance, Finished
Kitchen 3
Separate Den/Office 2
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 103.31
Total Parking Spaces 4
Building
Foundation Concrete Block
Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES