54 FREDERICK AVENUE
Hamilton (Crown Point), Ontario
MLS® X13614794
$799,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13614794
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- —
1 / 37Listing description
Unique Legal Triplex with Future Growth Potential! Looking to add a solid income property to your portfolio? Seller Financing Available* Cap rate of 4.
99% when fully rented. This legal triplex offers three self-contained, above-grade units with private entrances and the potential to add a fourth unit (Accessory Dwelling Unit), subject to City approvals and setback requirements. The spacious main floor unit features three bedrooms plus a den that could easily serve as a fourth bedroom, along with a full kitchen and bright living room-perfect for an owner-occupier or premium rental income.
A second separate one-bedroom apartment on the main floor offers a functional layout with its own kitchen and living room, while the upper-level one-bedroom suite includes a separate den/home office, kitchen, living room and 3-piece bath. Common shared laundry. Two of the units are vacant, providing an excellent opportunity to set market rents or live in one unit while generating rental income from the others.
Walking distance to Ottawa St, close to downtown Hamilton, transit, shopping, schools, hospitals and major commuter routes, this property offers immediate income today with excellent upside potential for tomorrow. Whether you're a seasoned investor or buying your first income property, this is an opportunity worth exploring.
Property summary
- MLS® number
- X13614794
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 26.6 x 70.1 FT
- Annual property taxes
- $3,830.79
- Parking
- No Garage, Street
- Days on market
- 51 days
Features & details
- Heating
- Radiant heat, Other
- Cooling
- None
- Basement
- Unfinished, N/A
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Exterior features
- Stucco
- Lot features
- Carpet Free
What would this home cost you?
Based on the $799,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.