241 W 5th St

For Sale 79 Days
$629,000
7 beds
2 baths
900 Sqft

241 W 5th St

For Sale 79 Days
$629,000
7 beds
2 baths
900 Sqft

Highlights

Key insights

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:63267)

Brooke Hicks of Royal LePage Burloak Real Estate Services,
#40742659
updated 2 weeks ago.
Houseful checked MLS® for data 2 weeks ago.

Home overview

Amenities / Utilities
  • Cooling
    Central air conditioning
  • Heat type
    Forced air
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    1
  • # parking spaces
    4
  • Has garage (y/n)
    Yes
Interior
  • # full baths
    2
  • # total bathrooms
    2.0
  • # of above grade bedrooms
    7
Location
  • Subdivision
    153 - southam/donnington
  • Directions
    2082556
Overview
  • Lot size (acres)
    0.0
  • Building size
    900
  • Listing #
    40742659
  • Property sub type
    Single family residence
  • Status
    Active
Rooms Information metric
  • Kitchen
    3.658m X 2.438m
    Level: Basement
  • Bedroom
    3.658m X 5.486m
    Level: Basement
  • Bathroom (# of pieces - 4)
    Measurements not available
    Level: Basement
  • Bedroom
    3.658m X 5.486m
    Level: Basement
  • Kitchen
    4.572m X 3.658m
    Level: Main
  • Bedroom
    2.667m X 3.353m
    Level: Main
  • Bedroom
    2.997m X 3.658m
    Level: Main
  • Bedroom
    2.997m X 3.658m
    Level: Main
  • Bedroom
    2.997m X 3.658m
    Level: Main
  • Bathroom (# of pieces - 4)
    Measurements not available
    Level: Main
  • Bedroom
    4.877m X 3.658m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28488866/241-west-5th-street-hamilton
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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