15 West 1st Street Hamilton, Ontario L9C 3B5
$650,000
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:61499)
Open House
This property has open houses!
2:00 pm
Ends at:4:00 pm
Property Details
| MLS® Number | 40839056 |
| Property Type | Single Family |
| AmenitiesNearBy | Park, Public Transit, Schools |
| CommunityFeatures | Quiet Area |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 6 |
| Appliances | Dryer, Stove, Washer |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1949 |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Aluminum Siding |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1100 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access, Highway Nearby |
| Acreage | No |
| LandAmenities | Park, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 32 Ft |
| SizeFrontage | 322 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 11'4'' x 10'4'' | ||
| Second Level | Bedroom | 11'4'' x 10'4'' | ||
| Second Level | Bedroom | 11'2'' x 9'10'' | ||
| Basement | 3pc Bathroom | 11'2'' x 6'7'' | ||
| Basement | Kitchen | 11'2'' x 6'7'' | ||
| Basement | Bedroom | 14'7'' x 10'1'' | ||
| Basement | Bedroom | 9'10'' x 8'2'' | ||
| Main Level | 3pc Bathroom | 6'3'' | ||
| Main Level | Kitchen | 11'3'' x 8'3'' | ||
| Main Level | Primary Bedroom | 11'5'' x 10'5'' | ||
| Main Level | Living Room | 15'0'' x 11'3'' |
https://www.realtor.ca/real-estate/29896684/15-west-1st-street-hamilton
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Claudia Rodriguez-Larrain
Salesperson
987 Rymal Road East
Hamilton, Ontario L8W 3M2
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June 22 2026 01:32:22
Royal LePage State Realty Inc.