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Ryan Wykes

ryan@northgroup.com +1(647) 627-6594

Est. payment | -/mo

6 Beds

2 Baths

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Est. payment | -/mo

Save Virtual Tour

6 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision Bonnington

MLS Listing ID X13438634

Style 1 1/2 Storey

Bedrooms 6

Annual Tax Amount $3,679

Tax Year 2026

Property Sub-Type Detached

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 Hamilton

Rooms

Family Room No

Basement Finished

Kitchen 2

Interior

Interior Features Carpet Free

Cooling Central Air

Inclusions Stove x2, Fridge x2, Washer & Dryer

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 321.5

Lot Depth 32.3

Total Parking Spaces 3

Building

Building Age 51-99

Foundation Concrete Block

Others

Senior Community No

ParcelsYN No

Virtual Tour https://view.doamedia.ca/order/43805466-e3ec-4332-55be-08decacb7b95?branding=false

Listed by Royal LePage State Realty

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Ryan Wykes

Broker

+1(647) 627-6594 | ryan@northgroup.com

15 West 1st ST Hamilton, ON L9C 3B5

Ryan Wykes

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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15 West 1st ST

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