241 West 5th St, Hamilton, Ontario L9C 3N8
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.Not available
Price/Sqft$735/sqft
Est. Mortgage$2,701/mo
Tax Amount (2024)$3,600/yr
Days On Market16 hours
Description
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.
Property Details
Interior
Features
Main Floor
Br
3.04 x 3.66Br
3.04 x 3.66Br
3.04 x 3.66Br
2.74 x 3.56Exterior
Features
Parking
Garage spaces 1
Garage type Detached
Other parking spaces 3
Total parking spaces 4
Property History




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