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15 WEST 1ST Street

Southam/Donnington, Hamilton, L9C3B5

Listed by Royal LePage State Realty Inc.

$549,900

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  • 4+2 bedrooms
  • 2 bathrooms
  • 3 parking
  • 1100 sq ft

Listed 131 days ago · MLS® 40839056

About this home

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:66966)

Details

Type
Detached
Style
Other
Size
1100 sq ft
Basement
Finished, Full
Property tax
$3,679
Neighbourhood
Southam/Donnington
Municipality
Hamilton

Interior

Bedrooms
4 above ground + 2 below
Fireplace
No
Appliances
Washer, Stove, Dryer

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Central air conditioning
Water and sewer
Municipal sewage system

Building and exterior

Year built
1949
Foundation
Block
Outdoor
Aluminum siding

Parking

Total parking
3

Rooms

RoomLevelSizeFeatures
3pc BathroomBasement6'7'' x 11'2''
KitchenBasement6'7'' x 11'2''
BedroomBasement10'1'' x 14'7''
BedroomBasement8'2'' x 9'10''
BedroomSecond level10'4'' x 11'4''
BedroomSecond level10'4'' x 11'4''
BedroomSecond level9'10'' x 11'2''
3pc BathroomMain level6'3''
KitchenMain level8'3'' x 11'3''
Primary BedroomMain level10'5'' x 11'5''
Living roomMain level11'3'' x 15'0''

Location

Location is approximate. See nearby homes on the map

Listed by Royal LePage State Realty Inc..

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