203 Balsam Ave S

Blakeley, Hamilton, L8M 3B7
FOR SALE
$879,000
Sold
$920,000
203 Balsam Ave S, Hamilton
203 Balsam Ave S
203 Balsam Ave S
203 Balsam Ave S
203 Balsam Ave S
203 Balsam Ave S
203 Balsam Ave S
203 Balsam Ave S
203 Balsam Ave S
203 Balsam Ave S
9 + 1
BEDROOMS
4
BATHROOMS
3 + 1
KITCHENS
18 + 3
ROOMS
X8181534
MLSID
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Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-03-28 2024-04-04 7 $879,000 $920,000 Sold
Property Description
Rare Legal Non Conforming Triplex with excellent cap rate of approximately 5.80% and a Proposed market rent rate cap rate of over 10%+. Solid all brick huge building with 3 x 3 bedroom units & 1 x 1 bedroom in basement unit. Meets fire code with Interconnected smoke detectors, fire pull stations, self closing steel fire doors and proper exits. The building is 3120+- not including the basement apt. The Main floor apt was recently re-furbished with all new carpet, fresh paint & new blinds & is vacant. Ideal for live-in or set your own rent. Some up-dates include newer high efficiency furnace, newer shingles and 200 Amp service with circuit breakers. Tenants are month to month, rents include all utilities. 24 Hour notice required for all showings.
Property Features
Level, Park, Public Transit, School
Property Details
Community
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
23' x 60'
Fronting
East
Taxes
$3,053 (2023)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
None
Garage Type
None
Room Summary
RoomLevelSizeFeatures
Living3rd11.68' x 14.01'
Dining3rd12.01' x 12.40'
Kitchen3rd8.66' x 9.32'
Br3rd9.32' x 9.61'
2nd Br3rd9.32' x 9.61'
3rd Br3rd7.02' x 9.25'
Bathroom3rd4.79' x 7.12'4 Pc Bath
Sunroom3rd6.27' x 19.32'
Similar Listings
108 Victoria Ave N, Hamilton
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BEDS
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BATHS
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FOR SALE
This Beautiful Well Maintain Property Is sitting On A Oversized lot 31x155f In Hamilton's Vibrant Core. Its A Fantastic Investment Opportunity, Completely Turn-Key Ready. This Legal Duplex,Currently used as triplex, Potential To Become A Fourplex(Roughing For Kitchen Sink & Appliances All Done). Has 7 Separate Entrances ,Over 3000sft of Living Space. Recently been renovated (2nd,3rd Floor And The Basement), New Vinyl Floor, Pot Lights, Fresh Paint, Smart Therm, Security Cameras x7,List Goes On And On. Complete List Of Upgrades Attached To The Listings. Coin Operated Laundry Located In The Basement Brings Extra Income As Well. Steps To General Hospital. Tenant Parking Available In The Back For 3 Cars. Opportunities Like This, In A Rapidly Developing & Booming Area,Don't Come Around Often. Bsmt (1233 sqf 1 Bedroom) Main Floor (1233 3 bed)Second Floor(843 sqf 2bed)3rd Floor (611 sqf 1 Bed) Upper 2 Floors Are Rented For $4000,Main Floor For $1580,Basement for$1750 TOTAL OF $7330
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