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Investment signal

$539,800

7 WEST 1ST Street

Save this home

Beds

3

Baths

2 full + 1 half

Sqft

Year

1953

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Cute, cozy & investment opportunity!!! Located just one street from Upper James and close to Mohawk College, this well-maintained home offers convenience, space, and flexibility for families, students or investors. Enjoy easy access to amenities, St. Joseph’s Healthcare Hamilton, and the scenic Niagara Escarpment Brow Trails. The home features a bright 2-bedroom upper level with a 4-piece bathroom, a functional kitchen with a gas stove, and a comfortable living room. The main floor also includes a flex office space and a welcoming three-season sunroom - perfect for relaxing or entertaining. Outside, you’ll find a large fenced yard with mature trees, offering privacy and room to enjoy the outdoors. The basement includes a separate walk-up entrance from outside, 1 bedroom, a 2-piece bathroom, laundry area, large rec room and excellent in-law potential - just add a kitchenette to complete the space. Freshly painted and move-in ready, this property is an ideal option for families with students attending Mohawk College or for buyers looking to offset living costs. Live off-campus while renting to friends, then sell once school is finished - a smart and flexible investment opportunity! Bonus lower level workshop accessed from outside. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
153 - Southam/Donnington
Common interest
Freehold
Living area
834 square feet
Bedrooms
2 above grade, 1 below grade
Parking
3 total
Stories
1
Fireplace
1
On market
Mar 13, 2026
Status changed
Apr 18, 2026
Annual tax
$4,416.15
Zoning
R1
Photos
34
MLS#
40812138
Area
HAMILTON

Features and systems

Basement

FinishedFull

Appliances

WasherRefrigeratorGas stove(s)DryerHood FanWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Foundation

Block

Community

Community Centre

Utilities

Natural GasElectricityCableTelephone
Negative cash flow ~$625/mo at these assumptions

Cash on cash

-6.95%

Cap rate

3.47%

GRM

16.7

Break-even rent

$3,358

Financing

Down payment$107,960
Loan amount$431,840
Mortgage$2,188/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$247
Insurance$80
Maintenance$450
CapEx reserve$225
Vacancy loss$135

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,188/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.

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