For Sale: 15 West 1st Street, Hamilton, ON - REW
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$650,000
6 bd • 2 ba • 1100 sf • House
15 West 1st Street
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$650,000
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15 West 1st StreetHamilton, ON, L9C 3B5

Bonnington
  • 6 Bed
  • 2 Bath
  • 1100 Sqft
  • House

About this home

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.
Listed by: Claudia Rodriguez, Royal LePage State Realty Inc.
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Home facts and features

Price details
List Price
$650,000
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Gross Taxes for 2026
$3,679
Home facts
Bedrooms
6
Full Bathrooms
2
Parking Spaces
3
Property Type
House
Lot Size
321 ft x 32 ft (10353 ft²)
Depth
32.2
Frontage
321.5
Year Built
Built in 1949 (77 yrs old)
Heating Type
Forced Air,Natural Gas
Cooling
Central Air
Basement Details
Full,Finished
Features
In Basement
Appliances
Dryer, Stove, Washer
Community
Agent details
Primary Agent
Primary Broker
Royal LePage State Realty Inc.
Listing details
Days on REW
6 Days
MLS® Number
40839056
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Sts. Peter and Paul Catholic Elementary School
  • Catholic
  • JK - 8
Norwood Park Elementary School
  • Public
  • JK - 8
Queensdale School
  • Public
  • JK - 8
Buchanan Park School
  • Public
  • JK - 6
ÉÉC Monseigneur-de-Laval
  • Catholic
  • JK - 8
Calvin Christian School
  • Private
  • SK - 8
Hillfield Strathallan College
  • Private
  • JK - 12
Mountain Secondary School
  • Public
  • 9 - 12
Ridgemount Junior Public School
  • Public
  • JK - 8
St. Michael Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Claudia Rodriguez
Cell:
647-787-3475
Office:
905-574-4600
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