Unique Legal Triplex with Future Growth Potential! Looking to add a solid income property to your portfolio? Seller Financing Available* Cap rate of 4.99% when fully rented. This legal triplex offers three self-contained, above-grade units with private entrances and the potential to add a fourth unit (Accessory Dwelling Unit), subject to City approvals and setback requirements.The spacious main floor unit features three bedrooms plus a den that could easily serve as a fourth bedroom, along with a full kitchen and bright living room-perfect for an owner-occupier or premium rental income.A second separate one-bedroom apartment on the main floor offers a functional layout with its own kitchen and living room, while the upper-level one-bedroom suite includes a separate den/home office, kitchen, living room and 3-piece bath. Common shared laundry. Two of the units are vacant, providing an excellent opportunity to set market rents or live in one unit while generating rental income from the others. Walking distance to Ottawa St, close to downtown Hamilton, transit, shopping, schools, hospitals and major commuter routes, this property offers immediate income today with excellent upside potential for tomorrow.Whether you're a seasoned investor or buying your first income property, this is an opportunity worth exploring.
5 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $400 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 54 Frederick Ave
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
54 Frederick Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,930
/mo
based on the purchase price of $799,900
$159,980 cash
$639,920 financed
$538,981 total interest
Principal54%$639,920
Interest46%$538,981
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Hamilton
Other 4–7 bed homes for sale in Hamilton around $800K.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,496Homes for sale here right now.
Median vs prior 90 days−2.7%Compared with May 4 – Aug 2, 2026: prices down.
Based on 1,826 sales from Aug 2 – Oct 31, 2026 (1,532 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
54 Frederick Ave is listed at $799,900 (MLS® X13614794). Summitly updates the price as soon as the MLS® record changes.
Is $799,900 a good price for 54 Frederick Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 54 Frederick Ave changed?
Yes — it was first listed at $854,999 and is now $799,900, a drop of $55,099 (6.4%).
How many bedrooms and bathrooms does 54 Frederick Ave have?
54 Frederick Ave has 5 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a triplex in Hamilton.
Is 54 Frederick Ave close to transit?
The nearest rapid-transit station is Confederation GO Station (Lakeshore West GO), about 4.2 km in a straight line. Hamilton GO Centre GO Station is about 4.7 km, and West Harbour GO Station is about 4.9 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 54 Frederick Ave?
About $3,930 a month — principal and interest on $799,900 with 20% down ($159,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 54 Frederick Ave compare with other homes in Hamilton?
Its asking price of $799,900 is about 19% above the median sold price in Hamilton over the last 90 days, $674,000, across 1,826 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 54 Frederick Ave been sold before?
Yes — Summitly has 1 earlier MLS® listing of 54 Frederick Ave on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 54 Frederick Ave?
54 Frederick Ave is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 54 Frederick Ave been on the market?
95 days — 54 Frederick Ave was listed on July 28, 2026.
What is the price per square foot of 54 Frederick Ave?
About $320 to $400 per square foot: the asking price of $799,900 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 54 Frederick Ave have a basement, and is it finished?
The listing describes the basement as: Unfinished.