204 Balsam Avenue S Hamilton, Ontario L8M 3B8

$1,049,900

An exceptional investment opportunity in Hamilton’s St.Clair/Blakeley neighbourhood. This skillfully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $5,644 per month OR an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $741.25* per month OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $808* PER MONTH! Talk about affordable! This property features three well-appointed suites with modern finishes throughout, including updated kitchens with subway tile backsplashes, stainless steel appliances, and in-suite laundry in each unit. Durable luxury vinyl plank flooring runs throughout, ensuring low maintenance and long-term durability. The well-designed layout includes a 2-bedroom unit with a stone patio, a 1-bedroom unit with a private deck, and a spacious 3-bedroom unit spanning two levels with a separate laundry room.Separate hydro meters allow for efficient expense management and increased net returns. The property is currently tenanted by reliable, long-term occupants who are easy to manage and paying at or slightly above market rents, providing immediate, consistent income. Additional features include four-car parking with front and rear alley access, a fully fenced and hardscaped backyard, and strong curb appeal with a covered front porch. Ideally located near Gage Park, Ottawa Street amenities, transit, and key commuter routes, this turnkey property represents a solid addition to any real estate portfolio with both income stability and future growth potential. Call or message today for the proforma and more details! RSA. (id:19593)

Property Details

MLS® Number	40816324
Property Type	Multi-family
Amenities Near By	Hospital, Park, Place Of Worship, Public Transit, Schools
Equipment Type	Water Heater
Parking Space Total	4
Rental Equipment Type	Water Heater
Structure	Porch

Building

Bathroom Total	3
Bedrooms Total	6
Appliances	Microwave Built-in, Window Coverings
Basement Development	Finished
Basement Type	Full (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding, Brick, Stucco
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,171 Ft2
Type	Duplex
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Hospital, Park, Place Of Worship, Public Transit, Schools
Sewer	Municipal Sewage System
Size Depth	95 Ft
Size Frontage	28 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	D

https://www.realtor.ca/real-estate/29624114/204-balsam-avenue-s-hamilton