646 West 5th Street, Hamilton, ON
Rolston, Hamilton · MLS® X13538896
About this home
Exceptional 2020 Custom-Built East-Facing Bungalow offering nearly 2,000 sq. ft. of premium living space in Hamilton's highly sought-after West Mountain community. Featuring 9-ft ceilings on both the main and basement levels, premium finishes, custom closets, and pot lights throughout the interior and exterior, this home is designed for modern living.The main floor offers 3 spacious bedrooms, 2 full bathrooms, and a huge gourmet kitchen with ample cabinetry, generous counter space, and a large island. All appliances were updated in 2024, except the main kitchen stove. The legal 2-bedroom basement apartment, providing immediate rental income, while an additional 1-bedroom, 1-bathroom separate section offers excellent flexibility for extended family or future income potential.Conveniently located near Mohawk College, St. Joseph's Healthcare, schools, parks, shopping, and public transit, with easy access to Highway 403 and Lincoln M. Alexander Parkway, this turnkey property is a rare opportunity for both homeowners and investors.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X13538896
- Bedrooms
- 6
- Bathrooms
- 4
- Size
- 1500-2000
- Lot
- 50 × 128.99 ft
- Cross streets
- Lincoln M. Alexander Pkwy & West 5th St.
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Separate Entrance, Apartment
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,689 / 2025
- Days on market
- 9
- Listing brokerage
- TEAM PANAG REAL ESTATE INC.
Rooms
Closet
4 Pc Bath
Stainless Steel Appl
window · hardwood floor
Hardwood Floor
hardwood floor · 3 pc ensuite
5 pc ensuite · walk-in closet(s)
Closet
combined w/living · combined w/dining · hardwood floor
Hardwood Floor
3 Pc Bath
Hardwood Floor
combined w/kitchen · hardwood floor
Listed at $1,199,000, this home is tracking about 6% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.26M, a bit higher.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $795K
- Size difference +$274K
- Bedrooms −$30K
- Bathrooms +$15K
- Adjusts to $1.05M
That comparable adjusts to $1.05M; the $1.13M estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a very walkable address with everyday errands close by. WEST 5TH opposite JAMESTON is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.13M, median of 8 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 11% above the area average of $615/sqft.
7 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rolston, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: WEST 5TH opposite JAMESTON, about 82 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Hamilton.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $959,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,119
- Property tax
- $724
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,843
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,455
- Estimated closing costs
- $20,455
Plus your down payment of $239,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $307,119
- Principal paid down
- $122,154
- Interest paid
- $184,964
- Balance remaining
- $837,046
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of TEAM PANAG REAL ESTATE INC.. MLS®/PropTx.