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About the Listing 079800 -
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.
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Separate Entrance
- Other: Accessory Apartment,Carpet Free,2 Kitchens
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Asphalt Shingle
- Others: Hospital,Park,Public Transit,Rec./Commun.Centre,School
- Sewer: Sewer
- Parking Features: Private Double,Attached,Has Garage
Financial Details
- Tax Amount: $4,478
- Taxes w/Assessments: N/A
- Tax/Property ID: 170070151
- Tax Year: 2025
Payment Calculator
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Questions About..
683 Seventh Ave S Hamilton, ON L8V 1Z1
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