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Bonnington, Hamilton
$845,000
Prime investment opportunity just steps from Mohawk College, offering rental income potential exceeding $86,000 annually! This recently renovated property delivers exceptional versatility, making it ideal for student housing or multi-family use. Thoughtfully updated main and basement levels provide a well-maintained, low-maintenance investment with strong future cash flow potential. The spacious main floor features 5 generous bedrooms, along with one 3-piece washroom and one 2-piece washroom, designed for comfortable shared living. The fully finished basement includes 4 additional bedrooms, a full kitchen, one 3-piece washroom, and a separate entrance, allowing for flexible and optimized rental configurations. The property benefits from consistently strong demand due to its prime, high-traffic location. Additional highlights include a large double-car garage with excellent attic storage, ample parking, and an easy-care exterior. Located in a sought-after area close to schools, transit, shopping, and amenities, this is a turnkey income property with outstanding long-term value and upside potential.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,166 |
| Lot Size | 43 ft x 102.75 ft |
| mls© Number | X13207988 |
| Listed By | HOMELIFE/MIRACLE REALTY LTD |
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%
- $4,325
- Property tax
- $430
- Heat allowance
- $150
- Housing costs
- $4,906 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$151,000
gross annual household income
- Payment at 4%
- $3,556 / mo
- Cash down
- $169,000
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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