Address
15 West 1st Street, Hamilton, ON
Price
$ 650,000
Property Attributes
- MLS#40839056
- TypeSingle Family
- Listing Status Active
- CityHamilton
- Area15 - Hamilton Mountain
- Neighbourhood153 - Southam/Donnington
- Postal CodeL9C 3B5
- Style
- Year Built1949
- Taxes$ 3679
- Price$ 650,000
- Bedrooms6
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1100
Data Source:
Ontario Regional (ITSO)
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.
| Price History | |
|---|---|
| 6/12/2026 | Listed $650,000 |
General Features
| Living Area | 1100 |
|---|---|
| Sewer | Sewer (Municipal) |
| Heating | Forced Air,Natural Gas |
| Cooling | Central Air |
| Roof | Asphalt Shing |
| Appliances | Dryer,Stove,Washer |
| Zoning | C |
| Construction Materials | Aluminum Siding |
| Year Built | 1949 |
| Stories Count | 1 |
| Property Subtype | Single Family Residence |
| County | Hamilton |
| New Construction | false |
| Property Type | Residential |
| Facing Direction | East |
| Garage Y/N | false |
| Total Rooms | 11 |
| Full Baths | 2 |
| Status | Active |
| 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. |
| City | Hamilton |
| Senior Community Y/N | false |
| Open Parking Spaces | 3 |
| MLS Area | 15 - Hamilton Mountain |
| Lot Size Units | Square Meters |
| Property Attached Y/N | false |
| MLS Area Minor | 153 - Southam/Donnington |
| Virtual Tour | https://view.doamedia.ca/order/43805466-e3ec-4332-55be-08decacb7b95?branding=false |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Other |
| Virtual Tour | https://view.doamedia.ca/order/43805466-e3ec-4332-55be-08decacb7b95 |
Interior Features
| Interior Amenities | None |
|---|---|
| Basement | Full,Finished |
| Kitchen Level | Basement,Main |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Above Grade Finished Area | 1100 |
| Laundry Features | In Basement |
| Total Bedrooms | 6 |
| Main Level Bedrooms | 1 |
| Main Level Bathrooms | 1 |
| Below Grade Finished Area Unit Type | Square Feet |
| Above Grade Finished Area Source | Owner |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 2 |
Exterior Features
| Lot Features | Urban,Major Highway,Park,Public Transit,Quiet Area,Schools |
|---|---|
| Water Source | Municipal |
| Total Parking | 3 |
| Inclusions | Dryer,Stove,Washer |
| Foundation Details | Concrete Block |
| Building Area Total | 1100 |
| Lot Dimensions | 321.5 x 32.2 |
| Frontage Length | 321.50 |
| Frontage Type | East |
| Waterfront Y/N | false |
| Road Frontage Type | Municipal Road |
| Crops Included Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Data provided by the Ontario Regional Technology & Information Systems. The information is deemed reliable, but is not guaranteed. Not intended to solicit buyers or sellers, landlords or tenants currently under contract.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned