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$629,000
241 WEST 5TH STREET
Hamilton, Ontario, Ontario, L9C3N8
MLS® Number: X12230499
Property 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.
Building information
Type
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Appliances
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Architectural Style
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Basement Development
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Basement Features
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Basement Type
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Construction Style Attachment
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Cooling Type
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Exterior Finish
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Foundation Type
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Heating Fuel
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Heating Type
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Size Interior
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Stories Total
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Utility Water
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Land information
Sewer
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Size Depth
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Size Frontage
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Size Irregular
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Size Total
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Rooms
Main level
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Kitchen
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Bedroom
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Bedroom
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Bedroom
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Bedroom
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Basement
Kitchen
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Bedroom
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Bedroom
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Main level
Bedroom
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Kitchen
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Bedroom
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Bedroom
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Bedroom
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Bedroom
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Basement
Kitchen
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Bedroom
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Bedroom
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Courtesy of ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
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