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$2,800,000
Available - For Sale
Listing ID: X12465229
Outstanding opportunity to acquire a 16-unit, 4-storey brick apartment building in a prime Hamilton location near Gage Park and the future LRT line. All suites are self-contained and separately hydro-metered. The property features a strong mix of mostly renovated units achieving near-market rents, with further upside potential through ongoing turnover. The building has benefited from substantial capital expenditures over the past decade, ensuring a well-maintained and efficient asset. Ideally suited for investors seeking a solid addition to their portfolio in one of Hamiltons most promising growth corridors.
Price $2,800,000
Taxes: $35,186.88
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 109 Balsam Avenue South , Hamilton, L8M 3B2, Hamilton
Postal Code: L8M 3B2
Province/State: Hamilton
Legal Description: LT 195, PL 506 ; HAMILTON
Directions/Cross Streets: Main St E
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
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Washroom 6:  0
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Washroom 12:  0
Washroom 13:  0
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Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
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Washroom 28:  0
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Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  0
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Category: Apartment
Use: Apts - 13 To 20 Units
Building Percentage: T
Total Area: 11,724
Total Area Code:  Square Feet
Area Influences: Public Transit  
Maintenance: 0
Heat Type: Water Radiators
Central Air Conditioning: Partial
Water: Water Sys
Water Supply Types: Water System
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EXP REALTY

109 Balsam Avenue South , Hamilton, L8M 3B2, Hamilton

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Stipley
Style:
Lot Size: x 45.66(Feet)
Approximate Age:
Tax: $35,186.88
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908