$629,000
4.60 BTC
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241 West 5Th Street, Hamilton
$629,000
PRICE
5 + 2
BEDROOMS
2
BATHROOMS
X12230499
MLSID

241 West 5Th Street, Hamilton

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 Hamiltons most sought-after rental locations.
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Sold History

SOLD
16 April 2018
$422,500

Summary

Address
241 West 5Th Street
Community
MLSID
X12230499
Property Type
Detached
Property Category
Bedrooms
5 + 2
Bathrooms
2
Kitchens
1 + 2
Taxes (Annual)
$3,600.00
Tax Year
2024
Published
June 18, 2025
Days on Market
4 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Fridge x2, Stove x2, Washer, Dryer, Microwave x2, All ELF's

Exclusions

None

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Basement Level
Parking Spaces
3
Parking Total
4
Parking Features
Private
Architectural Style
Bungalow
Lot Width
50 Feet
Lot Depth
103 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
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Appointment Date & Time
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Time
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