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.
Royal LePage Burloak Real Estate Services
$629,000
241 West 5th Street, Hamilton, Ontario
7 Bedrooms
2 Bathrooms
900 Sqft
Property
MLS® Number: 40742659
Address: 241 West 5th Street
City: Hamilton
Style: Bungalow
Exterior: Vinyl Siding
Lot Size: 103.31ft x 50.0ft
Utilities
Central Air: Yes
Heating: Forced Air
Parking
Parking Spaces: 4
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Property Sale History
Travel and Neighbourhood
85/100Walk Score®
Very Walkable
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Location
