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6
BEDROOMS 3
BATHROOMS 3
KITCHENS 12
ROOMS X13502642
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Property Description
Well-maintained, vacant TRIPLEX in a prime Hamilton location-ready for investors or owner-occupiers to set their own rents and maximize cap rate potential. Freshly Painted. All three self-contained units feature separate entrances, full kitchens, and full bathrooms. Separately metered for added convenience and minimal ongoing management, making it an ideal turnkey investment.The property also offers a coin-operated laundry (washer and dryer) in the basement, providing additional income potential. A spacious driveway and detached garage present further opportunities for rental income.Located just steps from Hamilton General Hospital and Ron Joyce Children's Health Centre, this property is highly attractive to healthcare professionals and other quality tenants. Conveniently close to Shoppers Drug Mart, Food Basics, Canadian Tire, public transit, schools, parks, and other everyday amenities, with easy access to major highways and downtown Hamilton.
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Property Features
Carpet Free, Separate Hydro Meter, Private
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Property Details
Address
259 Victoria Avenue
Community
City
Postal Code
L8L 5G3
Property Type
Triplex, Triplex
Lot Size
25' x 134'
Taxes
$4,282 (2026
Basement
Unfinished
Heat Type
Baseboard
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Listing contracted with Re/Max Excel Realty Ltd.
4 Rosemont Avenue Hamilton is an Investment Property (Triplex). A fully occupied, income-producing triplex delivering $37,060 in NOI at a 6.18% current cap rate, with 100% occupancy and central heat and A/C already in place. The building features three self-contained units, one currently used as a 2-bedroom, across four leases, with separate hydro meters that keep operating expenses streamlined, plus a converted double-car garage that now serves as shared storage and coin-operated laundry, adding a secondary income stream. As a fully-leased asset, it contributes dependable in-place income from day one, while the triplex configuration gives an owner scope to optimize the unit mix, renovate, and move rents to market as tenancies turn, a clear renovate-and-add-value path. Location strengthens the case: situated in Hamilton's Stipley neighborhood just blocks from Tim Hortons Field and close to schools, grocery, parks, bus routes, and the city's future LRT, it sits in a transit-oriented pocket. The result is a stable, well-located asset with reliable cash flow today and genuine long-term upside for investors looking to expand their portfolio.
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