$874,900Asking Price
683 SEVENTH Avenue S, Hamilton, ON L8V 1Z1
Macassa, Hamilton
Income-Generating 3 legal units 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.
Income-Generating 3 legal units 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.
See MoreKey Info
- Bungalow Detached
- 2-Car Driveway
- 1-Car Attached Garage
- SOUTH ON UPPER GAGE AVE
- 1100-1500 Approximate Sq Feet
- 31-50 Years Approximate Age
- Basement Apartment
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 40.08 x 96.2 Feet
- < .50 Acreage
- Brick Exterior
- Taxes were $4,478 in 2025
- Possession: 90/tba
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X13097588
- RE/MAX REAL ESTATE CENTRE INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 17.49' x 13.12' | Quartz Counter, Backsplash, California Shutters |
| 2 | Bathroom | Main | 14.76' x 4.99' | 4-PieceBath, Quartz Counter |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
Macassa, Hamilton is a west GTA neighbourhood notable for its singles, renters and tradespeople. Residents tend to be older with a significant number of adults aged 25 to 29 and 25 to 29 and seniors aged 65 & above.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
53%
of residents are
single and loving it.
53% singles
Hamilton (46%)Renters
37%
of residents
are renters.
37% renters
Hamilton (32%)Education
18%
of residents are
university grads.
18% university grads
Hamilton (28%)Income
Average Household Income
$75K
is the average household
income in the neighbourhood.
Professions
Professions
| Trades | 12% |
| Sales | 11% |
| Business | 8% |
| Government | 6% |
| Health | 6% |
Immigrants
25%
of residents were
born outside of Canada.
25% immigrants
Hamilton (25%)Birthplace - All
4.0% from Philippines
All-time
Birthplace - Recent
0.4% from Iraq
Recent
Foreign Languages
Foreign Languages
| Arabic | 3% |
| Italian | 2% |
| French | 2% |
| Spanish | 2% |
| Tagalog | 2% |
Religions
Religions
| Christian | 75% |
| Muslim | 1% |
