ON
Hamilton (Bonnington)
L9C3N8
241 West 5th Street
241 West 5th Street, Hamilton (Bonnington), ON L9C3N8
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Listing Type
Single Family
Listing Status
active
19
$629,000

Home Details for 241 West 5th Street

Price
$629,000
Type
Residential
Bedrooms
7
Bathrooms
2.0
Square feet
NaN
Parking
Detached
Days on site
96
Listing #
X12230499
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 Hamiltons most sought-after rental locations. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Parking
    • Detached
Listing Courtesy: ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
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2279 Fairview St. Unit #1, Burlington, ON L7R 2E3
Office
289 804 0505
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