Get $1,375 Cash Back
15 WEST 1ST Street, Hamilton — listed at $549,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | 6'7'' x 11'2'' |
| Kitchen | Basement | 6'7'' x 11'2'' |
| Bedroom | Basement | 10'1'' x 14'7'' |
| Bedroom | Basement | 8'2'' x 9'10'' |
| Bedroom | Second level | 10'4'' x 11'4'' |
| Bedroom | Second level | 10'4'' x 11'4'' |
| Bedroom | Second level | 9'10'' x 11'2'' |
| 3pc Bathroom | Main level | 6'3'' |
| Kitchen | Main level | 8'3'' x 11'3'' |
| Primary Bedroom | Main level | 10'5'' x 11'5'' |
| Living room | Main level | 11'3'' x 15'0'' |
What's the parking situation?+
This property includes 3 spaces.
This home was built in 1949 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
Is this a good starter home?+
At $549,900, this is priced in starter-home territory for Hamilton. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is 15 WEST 1ST Street a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms (1100 sq ft), there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
Ask About This Property
Nearby Places
Searching nearby places…
Benchmark price · Updated 2026-09
Year over year
Past 10 years
Similar listings
For Sale14 days1
For Sale43 days6
For Sale154 days40
For Sale22 days28
The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.