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Kim Butler

kbutlerhomessold@gmail.com +1(519) 496-6981

Listed by Claudia Rodriguez-Larrain • Royal LePage State Realty Inc.

$ 650,000

Est. payment -/mo

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Open Sun 2PM-4PM

15 West 1st Street Hamilton, ON L9C 3B5

6 Beds

2 Baths

1,100 SqFt

Open House

Sun Jun 14, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $590

MLS Listing ID 40839056

Bedrooms 6

Full Baths 2

Abv Grd Liv Area 1,100

Year Built 1949

Annual Tax Amount $3,679

Property Sub-Type Detached

Source Cornerstone

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 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.

Location

Province ON

County Hamilton

Area 15 - Hamilton Mountain

Zoning C

Direction Take Upper James Street North Exit, Head North on Upper James Turn Left onto Fennell Avenue West Turn Right Onto West 1st Street, 15 West 1st Street will be on your right.

Rooms

Basement Full, Finished

Main Level Bedrooms 1

Bedroom 2 2

Bedroom 3 1

Kitchen 2

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dryer, Stove, Washer

Laundry In Basement

Exterior

Roof Type Asphalt Shing

Lot Frontage 321.5

Lot Depth 32.2

Garage No

Building

Lot Description Urban, Major Highway, Park, Public Transit, Quiet Area, Schools

Faces Take Upper James Street North Exit, Head North on Upper James Turn Left onto Fennell Avenue West Turn Right Onto West 1st Street, 15 West 1st Street will be on your right.

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

Structure Type Aluminum Siding

New Construction No

Others

Senior Community No

Tax ID 170250282

Ownership Freehold/None

GET MORE INFORMATION

CONTACT US

+1(519) 496-6981

kbutlerhomessold@gmail.com

https://www.realedgerealestate.ca