$2,800,000
Available - For Sale
Listing ID: X12465229
109 Balsam Avenue South , Hamilton, L8M 3B2, Hamilton
| 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: | $35186.88 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 11724.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Washrooms: | 0 |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | Partial |
| Water: | Water Sys |
| Water Supply Types: | Water System |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
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Fax:
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Stipley |
| Tax: | $35,186.88 |
| Fireplace: | N |
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