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About the Listing 190201 -
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.
Listing Highlights for 241 West 5th St
Status
Active
Days on Site
84
Property Type
Residential
MLS ®
X12230499
Year Built
Total Square Footage
700
Lot/Acreage
N/A
Interior Details
- Bedrooms: 7
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Separate Entrance,Finished
- Other:
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Private,Detached
Financial Details
- Tax Amount: $3,600
- Taxes w/Assessments: N/A
- Tax/Property ID: 170250004
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
241 West 5th St Hamilton, ON L9C 3N8
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