241 West 5th Street W
Bonnington, Hamilton
$599,900
Look no further for your next investment property. Literally across the street from MohawkCollege, 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. Lookingto let your money work for you? Look no further and start making a return on your investment. All RSA. Currently run by a Property Manager who will continue to manage it moving forward if desired.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,593 |
| Lot Size | 50.1 ft x 103.84 ft |
| mls© Number | X13797634 |
| Listed By | RE/MAX ESCARPMENT REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,071
- Property tax
- $383
- Heat allowance
- $150
- Housing costs
- $3,603 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$111,000
gross annual household income
- Payment at 4%
- $2,524 / mo
- Cash down
- $119,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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