$549,900
↓ $100,100 from $650,000
Est. payment $2,435/moCalculate yours
15 West 1st Street, Hamilton, ON L9C 3B5
Bonnington, Hamilton, ON L9C 3B5
- 6 Beds
- 2 Baths
- 700 Sq Ft
Listing courtesy of Royal LePage State Realty MLS® X13438634
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.
Property details
Overview
- Property Type
- Detached
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- Price Change
- Approximate Age
- 51-99
- Size
- 700 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 2
- Kitchens
- 2
- Basement
- Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 321.5 x 32.3 Feet
- Parking
- None garage · 3 total
Financial
- Property Taxes
- $3,679 (2026)
Location
- Neighbourhood
- Bonnington
- Cross Street
- West 1st and Fennel Avenue
- Direction Faces
- East
Listing
- MLS® Number
- X13438634
- Days on Market
- 128
- Listed On
- 2026-06-12
- Possession
- Immediate
- Listed By
- Royal LePage State Realty
Rooms
Features
Interior
- Carpet Free
Pool
- None
- Included
- Stove x2, Fridge x2, Washer & Dryer
- Excluded
- None
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$2,435 per month
- Principal and interest
- $2,435
- Property tax
- $307
- Condo fees
- $0
- Estimated monthly cost
- $2,741
Your mortgage
- Mortgage amount
- $439,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $290,531
Cash to close
- Down payment
- $109,980
- Land transfer tax
- $7,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $117,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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