204 Balsam Avenue S, Hamilton, Ontario

Multi-Family for Sale in Hamilton

204 Balsam Avenue S, Hamilton, ON

  • CA$1,049,900
  • 3 BATHS
  • 2,171 sq.ft. Space
  • CA$1,049,900

Multi-Family for Sale in Hamilton

204 Balsam Avenue S, Hamilton, ON

  • CA$1,049,900
  • 3 BATHS
  • 2,171 sq.ft. Space
  • CA$1,049,900

Key Facts

  • MLS® #: 40816324
  • Property ID: SIRC3269529
  • Property Type: Residential, Duplex
  • Interior Area¹: 2,171 sq.ft.
  • Bathrooms: 3
  • Parking Spaces: 4
  • Listed By:
  • RE/MAX Escarpment Realty Inc.

Property Description

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.

Listing Agents

RE/MAX Escarpment Realty Inc.

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Location

204 Balsam Avenue S, Hamilton, Ontario, L8M 3B8 Canada

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¹The value refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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