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241 WEST 5TH Street, Hamilton — listed at $599,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Look no further for your next investment property. Literally across the street from Mohawk College, 241 West 5th offers 7 Bedrooms, 2 Kitchens, a Large Communal Dining area and 2 Bathrooms. Both kitchens and both bathrooms have been renovated in 2026, and are spectacular. Other amazing features on this property include a Large detached garage, a large driveway with plenty of parking, new concrete back porch and front stairs, and so much more. This property is cash flowing, and ready and waiting for you! All you have to do is sit back and enjoy. Looking to let your money work for you? Look no further and start making a return on your investment. Financials available on request. All RSA. Currently run by a Property Manager who will continue to manage it moving forward if desired. Taxes Estimated using City Property Tax Calculator. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Basement | 12'0'' x 18'0'' |
| Bedroom | Basement | 12'0'' x 18'0'' |
| 3pc Bathroom | Basement | 5'0'' x 9'0'' |
| Kitchen | Basement | 8'0'' x 12'0'' |
| Bedroom | Main level | 9'10'' x 12'0'' |
| Bedroom | Main level | 9'10'' x 12'0'' |
| Bedroom | Main level | 9'10'' x 12'0'' |
| Bedroom | Main level | 9'10'' x 12'0'' |
| Bedroom | Main level | 12'0'' x 16'0'' |
| Dining room | Main level | 10'0'' x 12'0'' |
| Kitchen | Main level | 8'0'' x 12'0'' |
| 3pc Bathroom | Main level | 4'0'' x 10'0'' |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,593, heating is forced air. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 5 spaces — Detached Garage.
Is this a good starter home?+
At $599,900, 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.
Does it have a basement, and is it finished?+
Yes — Finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
This home was built in 1927 — 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 there air conditioning?+
Yes — central air conditioning cooling is in place.
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