204 Balsam Avenue S, Hamilton, ON L8M 3B8
204 Balsam Avenue S, Hamilton, ON L8M 3B8
204 Balsam Avenue S, Hamilton, ON L8M 3B8
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Mike McCarthy

Mike McCarthy

+1(289) 919-5442
$1,049,900
Est. payment /mo
6 Beds
3 Baths
1,645 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,645 sqft

Price per Sqft $638

MLS Listing ID 40816324

Bedrooms 6

Abv Grd Liv Area 2,171

Annual Tax Amount $5,408

Property Sub-Type Duplex Up/Down

Source Cornerstone

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.

Location

Province ON

County Hamilton

Area 22 - Hamilton Centre

Zoning D

Direction WEST ONTO CUMBERLAND AVE FROM GAGE AVE S, NORTH ONTO BALSAM AVE S

Rooms

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Window Features Window Coverings

Appliance Built-in Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Exterior Feature Private Entrance, Separate Hydro Meters

Roof Type Asphalt Shing

Porch Deck, Porch

Lot Frontage 28.0

Lot Depth 95.0

Garage No

Building

Lot Description Paved, Hospital, Park, Place of Worship, Public Transit, Schools

Faces WEST ONTO CUMBERLAND AVE FROM GAGE AVE S, NORTH ONTO BALSAM AVE S

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Aluminum Siding,Brick,Stucco

New Construction No

Schools

Elementary Schools Adelaide Hoodless, Notre-Dame, Memorial, Queen Mary

High Schools Bernie Custis, Churchill, Cathedral

Others

Senior Community false

Tax ID 172070303

Ownership Freehold/None

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Listed by RE/MAX Escarpment Realty Inc.
Nearby School & Business

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Mike McCarthy
Mike McCarthy

Realtor | License ID: 4794661

+1(289) 919-5442 | mike@mikemccarthyrealty.com

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