LiveMLS X14016024Buy & hold

198 TRAGINA AVENUE N · Triplex

Hamilton, ON · Triplex · 3 units

$439,000listed

Price at 5.75% cap

Hamilton market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Oct 15

What this listing is

198 TRAGINA AVENUE N is a 3-unit triplex in Hamilton, ON, asking $439,000 — $146,333 per door.

That sits below the Hamilton band of $230k - $390k per door. Hamilton cap rates screen 4.7% - 6.1% and average rent runs about $2,050 a door.

At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

The Hamilton desk underwrites vacancy at 3% - 4.5% and operating expenses at 33% - 43% of gross rent.

Asking price: $439,000
Units: 3 units
Property type: Triplex
Location: Hamilton, ON
Price per door: $146,333
Hamilton cap band: 4.7% - 6.1%
Hamilton average rent: $2,050

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the price at a 5.75% cap — opens with a free account.

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