15 West 1st Street, Hamilton ON

About 15 West 1st Street

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:56071). Get more information on 15 West 1st Street

Property Features

Appliances:  Dryer, Stove, Washer
Rental Equipment:  
Directions:  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.
Zoning Description:  C
Interior Size (Approximate):  1100 sqft
Community Features:  Quiet Area
Access:  Road access, Highway Nearby
Lot (Approximate):  under 1/2 acre
Exterior Finish:  Aluminum siding
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age (Approximate):  1949
Foundation: Block
Constructed Date:  1949
Basement:  Full (Finished) Finished

Rooms & Sizes

(Approximate)

Bedroom Second level 11 4 x 10 4	Bedroom Second level 11 2 x 9 10	Bedroom Third level 11 4 x 10 4
3pc Bathroom Basement 11 2 x 6 7	Kitchen Basement 11 2 x 6 7	Bedroom Basement 14 7 x 10 1
Bedroom Basement 9 10 x 8 2	3pc Bathroom Main level 6 3	Kitchen Main level 11 3 x 8 3
Primary Bedroom Main level 11 5 x 10 5	Living room Main level 15 0 x 11 3