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$574,900
Hamilton
55 WEST 5TH Street, Hamilton, Ontario, L9C3N7
This 7-bedroom, 2-bathroom home in Hamilton is for sale offering roughly 1,752 sq ft of space. Listed at $574,900, it is attractively priced about 23% below the $749,900 median asking price in Hamilton.
Investment Alert!!! Fully Licensed, fully tenanted, 7 bedroom/2 kitchen/2 bath Student Rental! This all brick bungalow is just steps from Mohawk College and St. Joe's Healthcare (West 5th Campus). Offering 7 bedrooms, 2 kitchens, and 2 full bathrooms, this home provides endless opportunities for homeowners, investors, and multi-generational families alike. The main level features 3 bedrooms, a large/bright living room, updated kitchen and bathroom. The fully finished lower level is conveniently accessible through the separate rear entrance, and features 4 additional bedrooms, a 2nd full kitchen, laundry and second full bathroom. Great private lot with 2 driveway parking spaces. Located just a 5-minute walk to Mohawk College, St. Joseph's West 5th campus, parks, schools, shopping, public transit, and more, this home offers multiple options as either a multi-generational home, single family home, or as the perfect turn-key investment property offering immediate income and positive cashflow. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 168 days on market, against an average age of 65 days across the listings currently for sale in this city
This 7-bed single family in Hamilton is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $574,900, about 6.2× the local median household income of $92,000.
Carrying it typically needs a household income of about $112,298 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9C)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.