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Est. payment /mo
New
15 West 1st ST Hamilton, ON L9C 3B5
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Bonnington
MLS Listing ID X13438634
Style 1 1/2 Storey
Bedrooms 6
Annual Tax Amount $3,679
Tax Year 2026
Property Sub-Type Detached
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 flor, 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 areaL Individual rooms may rent for approximately $950/month each in today's marker. The 2-bedroom basement may offer 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 may offer 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.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Finished
Kitchen 2
Interior
Interior Features Carpet Free
Cooling Central Air
Inclusions Stove x2, Fridge x2, Washer & Dryer
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 321.5
Lot Depth 32.3
Total Parking Spaces 3
Building
Building Age 51-99
Foundation Concrete Block
Others
Senior Community No
ParcelsYN No
Listed by Royal LePage State Realty