Address
15 West 1st Street, Hamilton (Bonnington), ON
Price
$ 650,000
Property Attributes
- ID#X13438634
- TypeSingle Family
- Listing Status Active
- MunicipalityHamilton (Bonnington)
- CountyRLP - 456 - NIAGARA
- CityHamilton (Bonnington)
- NeighborhoodBonnington
- ZipL9C 3B5
- StyleSingle Family Dwelling
- Price$ 650,000
- Bedrooms6
- Bathrooms2
- Half Bathrooms0
- Sqr Footage1100
Data Source:
RLP - CREA EN
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.
General Features
| Terms | SALE |
|---|---|
| Neighbourhood | Bonnington |
| Construction Style | Detached |
| Property Sub Type | Single Family |
| jumpId | 28404543 |
| Property Subtype French | Single Family Dwelling |
| Listing Type French | House |
| MLS | X13438634 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Building Type | House |
| Features | Carpet Free |
| Property Type | Single Family |
| Sewer | Sanitary sewer |
Interior Features
| Living Area Range | 1100 sqft |
|---|---|
| Bedrooms | 6 |
| Basement | Finished |
| Basement Type | N/A |
| Cooling Type | Central air conditioning |
| Foundation Type | Block |
| Heating Fuel | Natural gas |
| Heating Type | Forced air |
| Beds | 6 |
| Total Baths | 2 |
| Total Baths | 2 |
Exterior Features
| Exterior Finish | Aluminum siding |
|---|---|
| Parking Type | No Garage |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in L9C 3B5
Price
