$845,000
For sale: Detached

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.
Sold data
Homes in Hamilton (Bonnington) took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 55, across 1,146 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $679,894.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 1,146 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Hamilton (Bonnington) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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