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$650,000
Ontario,Hamilton
For Sale Active
15 WEST 1ST Street, Hamilton, Ontario L9C3B5
  • 6
  • 2
  • 1,100 Sqft
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 40839056
  • Price: $650,000
  • Bedrooms: 6
  • Bathrooms: 2
  • Square Footage: 1,100 Sqft
  • Year Built: 1949
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 55026
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Finished, Full
  • Exterior Features: Aluminum siding
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, Ontario, Hamilton, 153 - Southam/Donnington, L9C3B5
  • Street: WEST 1ST
  • Street Number: 15
  • Street Suffix: Street
  • Longitude: W80° 3' 3.7''
  • Latitude: N43° 15' 52.3''
Additional Information
  • Water Source:
  • Community Features:
  • Foundation Details:
  • Stories: 1.5
Financial
  • Tax Annual Amount: 3679
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Listing updated: 2026-06-17 03:20:18
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Listing Information
  • List Agent Key: 2242207
  • List Office Key: 55026
  • Modification Timestamp: 2026-06-15T14:00:07Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2026-06-15T13:50:30Z
Powered by REALTOR.ca
Listing updated: 2026-06-17 03:20:19
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