241 WEST 5TH Street new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L9C3N8
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $698
Subdivision 153 - Southam/Donnington
MLS Listing ID 40742659
Style Bungalow
Bedrooms 7
Property Sub-Type Freehold
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 Hamilton's most sought-after rental locations. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Building
Story 1
Sewer Municipal sewage system