204 Balsam Avenue S,Hamilton, ON L8M 3B8
Hamilton, ON L8M 3B8
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 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 OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down. 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.
Details
| MLS # | 40837352 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 72 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Tiffany Funke |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 1,645 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | D |
| Acreage | 0.06 |
Interior
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Separate Hydro Meters |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Window Features | Window Coverings |
| Laundry Features | In-Suite |
Exterior
| Exterior Features | Private Entrance, Separate Hydro Meters |
|---|---|
| Lot Features | Paved, Hospital, Park, Place of Worship, Public Transit, Schools |
| Construction Materials | Aluminum Siding, Brick, Stucco |
| Roof | Asphalt Shing |
| Patio And Porch Features | Deck, Porch |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 5408.76 |
|---|
Area Information
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8M 3B8 |
| Area | 22 Hamilton Centre |
| Subarea | 220 St. Clair | Blakeley |
| Community Name | 220 St. Clair/Blakeley |
| School District | Bernie Custis, Churchill, Cathed |
| Elementary School | Adelaide Hoodless, Notre-Dame, M |
| High School | Bernie Custis, Churchill, Cathed |
| Listing VS Median (in 220 St. Clair/Blakeley) | |
Price: $989,900 low | high Med: $614,900 sqft: 1,645 low | high Med: 1,782 $ / sqft: $602 low | high Med: $345 On site: 72 low | high Med: 88 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8M 3B8 |
| Area | 22 Hamilton Centre |
| Subarea | 220 St. Clair | Blakeley |
| Community Name | 220 St. Clair/Blakeley |
| School District | Bernie Custis, Churchill, Cathed |
| Elementary School | Adelaide Hoodless, Notre-Dame, M |
| High School | Bernie Custis, Churchill, Cathed |
| Listing VS Median (in 220 St. Clair/Blakeley) | |
Price: $989,900 low | high Med: $614,900 sqft: 1,645 low | high Med: 1,782 $ / sqft: $602 low | high Med: $345 On site: 72 low | high Med: 88 | |
