241 West 5th Street Hamilton, Ontario L9C 3N8

6 Bedroom 2 Bathroom 700 - 1,100 ft2
Bungalow Central Air Conditioning Forced Air

$629,000

Excellent turnkey 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. (id:61594)

Property Details

MLS® Number X12230499
Property Type Single Family
Community Name Bonnington
Parking Space Total 4

Building

Bathroom Total 2
Bedrooms Above Ground 4
Bedrooms Below Ground 2
Bedrooms Total 6
Appliances Dryer, Microwave, Stove, Washer, Refrigerator
Architectural Style Bungalow
Basement Development Finished
Basement Features Separate Entrance
Basement Type N/a (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 700 - 1,100 Ft2
Type House
Utility Water Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 103 Ft ,3 In
Size Frontage 50 Ft
Size Irregular 50 X 103.3 Ft
Size Total Text 50 X 103.3 Ft

Rooms

Level Type Dimensions
Basement Bedroom 3.66 m x 5.03 m
Basement Bedroom 3.66 m x 5.03 m
Basement Kitchen 2.6 m x 3.2 m
Main Level Bedroom 3.04 m x 3.66 m
Main Level Bedroom 3.04 m x 3.66 m
Main Level Bedroom 3.04 m x 3.66 m
Main Level Bedroom 2.74 m x 3.56 m
Main Level Kitchen 4.74 m x 3.66 m
Main Level Living Room 4.88 m x 3.66 m

https://www.realtor.ca/real-estate/28489006/241-west-5th-street-hamilton-bonnington-bonnington

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