ON
Hamilton
L9C3B5
15 WEST 1ST Street
15 WEST 1ST Street, Hamilton, ON L9C3B5
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Listing Type
Single Family
Listing Status
Active
18
$650,000

Home Details for 15 WEST 1ST Street

Price
$650,000
Type
Residential
Bedrooms
6
Total Bathrooms
2
Year built
1949
Listing #
40839056
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. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
Listing Courtesy: Royal LePage State Realty Inc.
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EXIT REALTY CK ELITE, BROKERAGE
160 St. Clair Street, Chatham, ON N7M 3J5
Anne Kreitzer
License #: 5045802
Sales Representative
Office
519 351 7653
Agent
519 890 1909
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