Home with vinyl exterior material, street for 241 West 5th St, Hamilton Ontario L9C 3N8
16 hours on Market

241 West 5th St, Hamilton, Ontario L9C 3N8

Detached
4 + 2
2
~700-1100 sqft
$629,000
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Detached
4 + 2
2
~700-1100 sqft

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Highlights

Estimated ValueNot 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

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size5,165 SqFt(103.31 x 50)
Parking Spaces4
MLS ®NumberX12230499
Community NameBonnington
Data SourceTRREB
Listing byROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Features

Heating: Forced Air
Cooling: Central Air
Basement: Sep Entrance, Finished

Main Floor

Br

3.04 x 3.66

Br

3.04 x 3.66

Br

3.04 x 3.66

Br

2.74 x 3.56


Features

Lot size: 5,165 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 3

Total parking spaces 4


Property listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES, Brokerage

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Market Data - Bonnington

Geo Zone Map ThumbnailBonnington

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

14 days

Compared to

2024

47 days

2023

12 days

2022

9 days

New Listings

Past 30 days

8 listings

Compared to

2024

3 listings

2023

7 listings

2022

4 listings

Units sold

Past 30 days

1 unit

Compared to

2024

2 units

2023

3 units

2022

3 units

Median Sold Price

Past 30 days

$687,500

Compared to

2024

$605,000

2023

$750,000

2022

$730,000


Population and Demographics

Overview

Total population 586
Average household income $109,253

Age (%)

20 to 34
29%
50 to 64
19%
0 to 19
18%
35 to 49
18%
65 and plus
16%

Household composition (%)

Single family
58%
Single person
31%
Multi person
10%
Multi family
1%

Mother tongue (%)

English
76%
Others
5%
Punjabi (Panjabi)
4%
Arabic
4%
Spanish
3%
Italian
2%
Tagalog (Pilipino, Filipino)
2%

House tenancy (%)

Owners
65%
Renters
35%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget