15 WEST 1ST Street, Hamilton, Ontario, L9C 3B5

$650,000

MLS® # 40839056

House For Sale In Central Business Dis, Hamilton, Ontario

$650,000

  • 6

    Bedrooms

  • 2

    Baths

  • 3

    Parking Spaces

Property Information:

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 flow, 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 area, Individual rooms rent for approximately $950/month each in today's marker. The 2-bedroom basement offers 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 offers 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:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Aluminum siding
  • Floor Space: 1100 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dryer, Stove, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 4+2
  • Bathrooms: 2
  • Access Type: Road access
  • Amenities Nearby: Park, Public Transit, Schools
  • Built in: 1949
  • Community Features: Quiet Area
  • Floor Space (approx): 1100 Square Feet
  • Lot Depth: 32 Feet
  • Lot Frontage: 322 Feet
  • Zoning: C
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 3

Rooms:

  • Bedroom 2nd Level 11'4'' x 10'4''
  • Bedroom 2nd Level 11'4'' x 10'4''
  • Bedroom 2nd Level 11'2'' x 9'10''
  • Bathroom Basement Level 11'2'' x 6'7''
  • Kitchen Basement Level 11'2'' x 6'7''
  • Bedroom Basement Level 14'7'' x 10'1''
  • Bedroom Basement Level 9'10'' x 8'2''
  • Bathroom Main Level 6'3''
  • Kitchen Main Level 11'3'' x 8'3''
  • Primary Bedroom Main Level 11'5'' x 10'5''
  • Living Main Level 15'0'' x 11'3''

Courtesy of: Royal LePage State Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Additional Photos