$874,900
Available - For Sale
Listing ID: X13097588
683 SEVENTH Avenue South , Hamilton, L8V 1Z1, Hamilton
| 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. |
| Price | $874,900 |
| Taxes: | $4478.31 |
| Occupancy: | Owner+T |
| Address: | 683 SEVENTH Avenue South , Hamilton, L8V 1Z1, Hamilton |
| Acreage: | < .50 |
| Directions/Cross Streets: | SOUTH ON UPPER GAGE AVE |
| Rooms: | 12 |
| Bedrooms: | 3 |
| Bedrooms +: | 3 |
| Family Room: | F |
| Basement: | Apartment, Separate Ent |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 12.99 | 16.4 | Pot Lights, California Shutters, Laminate |
| Room 2 | Main | Dining Ro | 12.99 | 9.58 | Separate Room, California Shutters, Pot Lights |
| Room 3 | Main | Kitchen | 17.48 | 13.12 | Quartz Counter, Backsplash, California Shutters |
| Room 4 | Main | Primary B | 13.74 | 12.5 | Hardwood Floor, California Shutters |
| Room 5 | Main | Bedroom | 14.76 | 10.76 | Hardwood Floor, California Shutters |
| Room 6 | Main | Bedroom | 12.99 | 9.32 | Hardwood Floor, California Shutters |
| Room 7 | Main | Bathroom | 14.76 | 4.99 | 4 Pc Bath, Quartz Counter |
| Room 8 | Basement | Kitchen | 17.06 | 14.1 | |
| Room 9 | Basement | Living Ro | 17.06 | 14.1 | |
| Room 10 | Basement | Bedroom | 12.73 | 11.74 | |
| Room 11 | Basement | Bedroom | 12.73 | 11.74 | 4 Pc Bath |
| Room 12 | Basement | Bathroom | 8.33 | 4.92 | |
| Room 13 | Basement | Living Ro | 17.58 | 14.1 | |
| Room 14 | Basement | Kitchen | 17.58 | 14.1 | |
| Room 15 | Basement | Bedroom | 17.58 | 14.1 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Basement |
| Washroom Type 3 | 3 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Basement |
| Washroom Type 8 | 3 | Basement |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 4 | Basement |
| Washroom Type 13 | 3 | Basement |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 31-50 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Brick |
| Garage Type: | Attached |
| (Parking/)Drive: | Private Do |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Private Do |
| Park #2 | |
| Parking Type: | Private Do |
| Pool: | None |
| Approximatly Age: | 31-50 |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Hospital, Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| RE/MAX REAL ESTATE CENTRE INC. |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Macassa |
| Style: | Bungalow |
| Approximate Age: | 31-50 |
| Tax: | $4,478.31 |
| Beds: | 3+3 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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