683 SEVENTH Ave, Hamilton, Ontario L8V 1Z1
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Highlights
Estimated valueThis is the price Wahi expects this property to sell for.
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Price/Sqft$709/sqft
Monthly cost
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Description
Income-Generating Triplex on Hamilton Mountain - Cash Flow from Day One! A rare opportunity to acquire a fully legalized, turn-key triplex in one of Hamilton's most sought-after neighbourhoods. This well-maintained bungalow has been strategically renovated to maximize rental income across three self-contained units, each with its own private bathroom and separate entrance access.The Income Breakdown:Upper Unit (Main Floor): 3 bedrooms + formal dining room, renovated kitchen with quartz countertops and new cabinetry, modern bathroom with quartz counters, pot lights, California shutters, and laminate flooring throughout - commands strong market rent.Lower Unit 1 (Basement): Newly legalized 2-bedroom suite with brand new bathroom and finishes.Lower Unit 2 (Basement): Studio suite with private bathroom.Shared laundry serves basement tenants; basement currently tenanted at $2,400/month (inclusive).With all three units occupied, this property has the potential to significantly offset - or entirely cover - carrying costs, making it an ideal addition to any portfolio.Further de-risking this investment: the 2016 roof, all-new basement flooring and trims, and contemporary finishes throughout mean minimal near-term capital expenditure. Situated across from a park with walkable access to schools, transit, and retail - a profile that attracts quality, long-term tenants.Whether you're expanding a portfolio or entering the market with built-in income, this triplex checks every box.
Upcoming Open House
Property Details
Interior
Features
Main Floor
Living
3.96 x 5.0Pot Lights / California Shutters / Laminate
Kitchen
5.33 x 4.0Quartz Counter / Backsplash / California Shutters
Primary
4.19 x 3.81hardwood floor / California Shutters
Br
4.5 x 3.28hardwood floor / California Shutters
Exterior
Features
Parking
Garage spaces 1
Garage type Attached
Other parking spaces 2
Total parking spaces 3
Property History
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