54 Frederick Avenue,Hamilton, ON L8H 4K4
Hamilton, ON L8H 4K4
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.
Details
| MLS # | X13614794 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 44 |
| Listing Provided By | EXP REALTY | X13614794 285400 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.04 |
Interior
| Interior Features | Carpet Free, Water Heater |
|---|---|
| Cooling | None |
| Heat Source | Other |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Other |
| Construction Materials | Stucco (Plaster) |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Street Only |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 3830.79 |
|---|---|
| Tax Assessed Value | 246000 |
| Tax Legal Description | PT LT 1, BLK M, PL 395 , PT LT 2, BLK M, PL 395 , AS IN VM116145, T/W VM116145 ; HAMILTON |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8H 4K4 |
| Area | Crown Point |
| Listing VS Median (in L8H 4K4) | |
Price: $799,900 low | high Med: $0 On site: 44 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8H 4K4 |
| Area | Crown Point |
| Listing VS Median (in L8H 4K4) | |
Price: $799,900 low | high Med: $0 On site: 44 low | high Med: | |
