241 WEST 5TH STREET

Hamilton, , L9C3N8, Canada

$629,000

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.

EXTRAS: Washer, Refrigerator, Stove, Dryer

Last updated on : Tuesday 15th of July 2025 03:05:33 PM

ADDRESS

Street : 241 WEST 5TH STREET

City : Hamilton

Country : Canada

Postal Code : L9C3N8

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PROPERTY SUMMARY

Property ID : 40742659

Building Type : House

Property Type : Single Family

Bedrooms : 5 + 2

Bathrooms : 2

Parking : 4

Parking Type: Detached Garage

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