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Home ON Greater Hamilton Hamilton Old Hamilton Bonnington
241 WEST 5TH Street
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$629,000
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241 WEST 5TH Street
Hamilton, Ontario L9C3N8

MLS® Number: 40742659
5 + 2
Bedrooms
2
Bathrooms
900
Square Feet

Listing Description

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 Hamilton’s most sought-after rental locations. (46407181)

Location Description

FENNELL W/WEST 5TH

Property Summary

Property Type
Single Family
Building Type
House
Storeys
1
Square Footage
900 sqft
Subdivision Name
153 - Southam/Donnington
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$3,600
Parking Type
Detached Garage
Time on REALTOR.ca
268 days

Building

Bedrooms
Above Grade
5
Below Grade
2
Bathrooms
Total
2
Interior Features
Appliances Included
Dryer, Refrigerator, Stove, Washer
Basement Type
Full (Finished)
Building Features
Foundation Type
Block
Style
Detached
Architecture Style
Bungalow
Total Units
0
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl siding
Neighbourhood Features
Amenities Nearby
Hospital, Public Transit, Schools
Parking
Parking Type
Detached Garage
Total Parking Spaces
4

Measurements

Square Footage
900 sqft
Above Grade Finished
900 sqft
Source: Other

Rooms

MetricImperial
Main level
Kitchen
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
4pc Bathroom
Basement
Kitchen
Bedroom
Bedroom
4pc Bathroom

Land

Lot Features
Frontage
50 ft
Land Depth
103 ft
Other Property Information
Access
Road access, Highway Nearby
Zoning Description
C

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