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$629,000Asking Price

241 West 5th Street, Hamilton, ON L9C 3N8

Bonnington, Hamilton

Detached
4 + 2
Bedrooms
2
Baths
4
Parking
Day on Market

Excellent turnkey investment opportunity in Hamilton's desirable West Mountain. This detached bungalow sits on a wide 50-foot lot and is currently operated as a fully managed rental, just a one-minute walk to Mohawk College and the hospital. The property features a finished basement with a separate entrance, two private entrances (front and rear), and a detached garage with ample parking. Zoned for a fourplex, the property offers significant potential for future expansion or redevelopment, adding long-term value to an already strong income-producing asset. It is professionally managed by a property management company, providing hands-off ownership. The property is currently cash-flow positive, making it ideal for investors seeking stable, passive income from day one. Located near the LINC, major shopping centers, schools, public transit, and recreational facilities, this home benefits from steady rental demand and future growth potential. A rare opportunity to secure a low-maintenance, high-yield property in one of Hamiltons most sought-after rental locations.

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Tour this home:

Excellent turnkey investment opportunity in Hamilton's desirable West Mountain. This detached bungalow sits on a wide 50-foot lot and is currently operated as a fully managed rental, just a one-minute walk to Mohawk College and the hospital. The property features a finished basement with a separate entrance, two private entrances (front and rear), and a detached garage with ample parking. Zoned for a fourplex, the property offers significant potential for future expansion or redevelopment, adding long-term value to an already strong income-producing asset. It is professionally managed by a property management company, providing hands-off ownership. The property is currently cash-flow positive, making it ideal for investors seeking stable, passive income from day one. Located near the LINC, major shopping centers, schools, public transit, and recreational facilities, this home benefits from steady rental demand and future growth potential. A rare opportunity to secure a low-maintenance, high-yield property in one of Hamiltons most sought-after rental locations.

Key Info

  • Bungalow Detached
  • 3-Car Driveway
  • 1-Car Detached Garage
  • West 5th/ Fennell
  • 700-1100 Approximate Sq Feet
  • Finished Basement
  • 3 + 2 Kitchens
  • Forced Air Gas Heating
  • Central Air

Property

  • Lot Size 50 x 103.31 Feet
  • Vinyl Siding Exterior
  • Taxes were $3,600 in 2024
  • Possession: Flexible

Details

  • No Fireplace
  • No Family Room
  • Sewers
  • Municipal Water
  •  
  • MLS #X12230499
  • ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Extras

Room Floor Dimensions Details
1 Kitchen Main 15.55' x 12.01'
Washroom1 4-Piece Bathroom on Main Floor
Washroom1 4-Piece Bathroom

Who lives here?

Bonnington, Hamilton is a west GTA neighbourhood notable for its singles, renters, health professionals and salespeople. It has a higher than average population of immigrants from the Philippines, and Punjabi and Tagalog speakers. Residents tend to be younger with a significant number of youth aged 15 to 24 and adults aged 25 to 34.

Families

Kids Per Family

1.1

kids per family
in the neighbourhood.

Hamilton  (1.2)

Singles

64% of residents are
single and loving it.

64% singles

Hamilton (46%)

Renters

63% of residents
are renters.

63% renters

Hamilton (32%)

Education

24% of residents are
university grads.

24% university grads

Hamilton (28%)

Income

Average Household Income

$72K

is the average household
income in the neighbourhood.

Hamilton  ($106K)

Professions

Professions

Sales 25%
Trades 9%
Business 9%
Health 6%
Manufacturing 4%

Immigrants

24% of residents were
born outside of Canada.

24% immigrants

Hamilton (25%)

Birthplace - All

Philippines was once home to 6.9% of immigrants.
Pakistan 2.1%
UK 1.5%
Iran 1.4%
India 1.3%

6.9% from Philippines
All-time

Birthplace - Recent

Lebanon was once home to 0.3% of immigrants.
Pakistan 0.3%
India 0.2%
Cuba 0.1%
Germany 0.1%

0.3% from Lebanon
Recent

Foreign Languages

Foreign Languages

Tagalog 6%
Punjabi 5%
Spanish 2%
Arabic 2%
French 1%

Religions

Religions

Christian 64%
Muslim 4%
Sikh 1%
Hindu 1%
Jewish 1%