241 West 5th Street

Hamilton, ON L9C 3N8 ( Bonnington)

Quick Facts

Type: Detached

Style: Bungalow

Size: Sq Ft

Age: Years

Taxes: $ 3,600 ( 2024)

Updated: 2025-08-19 17:03:26

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.

Extras

Detached

Property

Status: For Sale

MLS #: X12230499

Price: $ 629,000

Address: 241 West 5th Street

Type:

Style: Bungalow

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 3,600

Tax Year: 2024

Lot Size:

Neighbourhood: Bonnington

Nearest Intersection: West 5th/ Fennell

City: Hamilton

Postal Code: L9C 3N8

DOM: 1 Day

Last Update: 2025-08-19 17:03:26

 

Building

Interior

Bedrooms: 7

Bathrooms: 2

Rooms: 0

Kitchens: 3

Family Room:

Fireplace:

Basement: Separate Entrance Finished,

Central Vacuum:

 

Exterior

Exterior: Vinyl Siding,

Driveway:

Garage: Private

Garage Spaces:

Parking Spaces: 4.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms