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Lily Hu

lilyhu@lilyhuteam.com +1(613) 220-0046

$ 650,000

Est. payment -/mo

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Open Sun 2PM-4PM

15 WEST 1ST Street Hamilton, ON L9C3B5

6 Beds

2 Baths

1,100 SqFt

Open House

Sun Jun 14, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100

Square Footage 1,100 sqft

Price per Sqft $590

Subdivision 153 - Southam/Donnington

MLS® Listing ID 40839056

Bedrooms 6

Year Built 1949

Property Sub-Type Freehold

Property Description

LIVE IN IT. HOUSE HACK IT. CASH FLOW IT. BUILD WEALTH WITH IT. This is the kind of property that rarely comes along - A beautiful, flexible home with incredible income potential just steps to Mohawk College, making it highly desirable for student rentals, multi-generational living, or savvy investors looking for strong returns. Whether you're an investor seeking cash flow, a buyer wanting mortgage-helping income, or a family planning for future appreciation, this property offers multiple strategies under one roof. The home features a finished basement with a separate kitchen and bathroom, plus two generously sized bedrooms with legal windows, ideal for rental income, extended family, or a house-hack setup. The main level offers two spacious bedrooms, with two additional bedrooms upstairs, providing flexibility for room rentals, larger families, or maximizing income potential. Income potential that gets attention. With proximity to Mohawk College and strong rental demand in the area, Individual rooms rent for approximately $950/month each in today's marker. The 2-bedroom basement offers rental potential of approximately $1,950/month. Depending on configuration and buyer strategy, the property may offer gross rental income potential approaching $8,000/month. At this level of income, investors may see the potential for an estimated cap rate exceeding 9%, depending on expenses, financing & rental strategy. And the opportunity doesn't stop there. The large backyard offers future ADU (Accessory Dwelling Unit) potential, subject to municipal approvals, opening the door to additional monthly income potential and even stronger long-term returns. Why buy a property that only appreciates when you can own one that has the potential to appreciate and produce meaningful income? Whether you choose to live in a part of it, rent rooms, create a student rental model, or expand future income opportunities, this is the property. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 11'4'' x 10'4'' Bedroom

Extra Room 2 Second level 11'2'' x 9'10'' Bedroom

Extra Room 3 Third level 11'4'' x 10'4'' Bedroom

Extra Room 4 Basement 11'2'' x 6'7'' 3pc Bathroom

Extra Room 5 Basement 11'2'' x 6'7'' Kitchen

Extra Room 6 Basement 14'7'' x 10'1'' Bedroom

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features No

Community Features Quiet Area

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 1.5

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by Royal LePage State Realty Inc.

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Lily Hu

Team leader

+1(613) 220-0046 | lilyhu@lilyhuteam.com

Lily Hu

15 WEST 1ST Street Hamilton, ON L9C3B5

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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15 WEST 1ST Street