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54 FREDERICK AVENUE, Hamilton (Crown Point) — listed at $799,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | 3.59 x 3.65 meters |
| Living room | Main level | 3.54 x 4.4 meters |
| Bedroom | Main level | 2.74 x 3.19 meters |
| Bathroom | Main level | 1.68 x 1.67 meters |
| Kitchen | Second level | 2.26 x 2.39 meters |
| Living room | Second level | 4.41 x 3.51 meters |
| Office | Second level | 1.92 x 2.39 meters |
| Bedroom | Second level | 3.18 x 2.74 meters |
| Bathroom | Second level | 1.68 x 1.68 meters |
| Foyer | Main level | 3.02 x 2.36 meters |
| Kitchen | Main level | 3.37 x 3.25 meters |
| Living room | Main level | 4.34 x 3.24 meters |
| Primary Bedroom | Second level | 3.52 x 3.4 meters |
| Bedroom | Second level | 3.23 x 3.25 meters |
| Bedroom | Second level | 2.49 x 3.95 meters |
| Office | Second level | 4.08 x 3.41 meters |
| Bathroom | Second level | 2.6 x 1.21 meters |
| Kitchen | Main level | 2.36 x 2.29 meters |
Is 54 FREDERICK AVENUE a good fit for a growing family?+
With 6 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,830.79, heating is radiant heat, other. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Unfinished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What's the parking situation?+
This property includes 0 spaces — No Garage, Street.
How is the home heated? Is it efficient?+
Heating is radiant heat, other. Ask for past utility bills to understand real heating costs.
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