54 FREDERICK AVENUE, Hamilton, Ontario L8H 4K4
$799,900.00
- 6 bedrooms
- 3 bathrooms
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 ... read more
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. (id:25417)
Price reduced $55,099 (6.44%) from the list price.
- Listing ID: X13614794
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 26.6 by 70.1 FT |
| Parking: | No Garage |
| Building | |
|---|---|
| Type: | Multi-family Triplex |
| Appliances: | Dryer, Refrigerator, Stove, Washer and Water Heater |
| HVAC: | Fireplace and Radiant Heat Other |
| Exterior: | Stucco |
| Basement: | N/A (Unfinished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Hamilton |
| Province: | Ontario |
| Nearby Amenities: | Place Of Worship, Public Transit and Schools |
| Rooms | Level | Dimensions |
|---|---|---|
| Kitchen | Second level | 2.26 m x 2.39 m |
| Living room | Second level | 4.41 m x 3.51 m |
| Office | Second level | 1.92 m x 2.39 m |
| Bedroom | Second level | 3.18 m x 2.74 m |
| Bathroom | Second level | 1.68 m x 1.68 m |
| Primary Bedroom | Second level | 3.52 m x 3.4 m |
| Bedroom | Second level | 3.23 m x 3.25 m |
| Bedroom | Second level | 2.49 m x 3.95 m |
| Office | Second level | 4.08 m x 3.41 m |
| Bathroom | Second level | 2.6 m x 1.21 m |
| Dining room | Main level | 3.59 m x 3.65 m |
| Living room | Main level | 3.54 m x 4.4 m |
| Bedroom | Main level | 2.74 m x 3.19 m |
| Bathroom | Main level | 1.68 m x 1.67 m |
| Foyer | Main level | 3.02 m x 2.36 m |
| Kitchen | Main level | 3.37 m x 3.25 m |
| Living room | Main level | 4.34 m x 3.24 m |
| Kitchen | Main level | 2.36 m x 2.29 m |
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