Listed by Royal Lepage Burloak Real Estate Services.

241 West 5th Street is a Detached, Bungalow and is currently for Sale @ $629,000. Taxes in 2024 were $3,600.00.

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Excellent turnkey STUDENT RENTAL CASH FLOWING investment opportunity in Hamilton's desirable West Mountain. The Bungalow on 241 West 5th Street has 5 bedrooms, 2 bathrooms, and is located on a 103.31 x 50 ft lot in the community of Bonnington . 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.

Fridge x2, Stove x2, Washer, Dryer, Microwave x2, All ELF's

The address 241 West 5th Street was listed for sale (MLS# X12230499) on Wednesday, June 18, 2025.