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BEDROOMS2
BATHROOMS2
KITCHENS12
ROOMSX8404076
MLSIDContact Us
Property Description
Excellent opportunity to purchase a solid brick home in one of the cities best areas. Live in the main floor unit and have the upstairs help offset your mortgage. Well kept home with new roof and updated systems. Walking distance to every amenity you could ask for and a stones throw from the beautiful Gage Park. Very strong future value here and endless potential for new owners to make very small cosmetic updates to elevate the home even further.
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Property Details
Street
Community
City
Property Type
Duplex, 2 1/2 Storey
Lot Size
22' x 75'
Fronting
East
Taxes
$3,389 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
222 Balsam Ave S is a 4-bedroom 2-bathroom home listed for sale at $749,000, which is $323,380 (30.2%) lower than the average sold price of $1,072,380 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in Hamilton increased by $30,436 (2.9%) compared to the previous 30 day period (July 21 - August 19) and down $46,726 (4.2%) from the same time one year ago.Inventory Change
There were 181 4-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 21.5% compared with the previous 30 day period (July 21 - August 19) and up 27.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($26,874) (2.5%) below asking price over the last 30 days (August 20 - September 18), which represents a $4,599 increase compared to the previous 30 day period (July 21 - August 19) and ($24,507) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Hamilton over the last 30 days (August 20 - September 18) stood at 55.2%, down from 71.1% over the previous 30 days (July 21 - August 19) and up from 54.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Hamilton stood at 32 days when successfully sold over the last 30 days (August 20 - September 18), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
Similar Listings
Calling all homebuyers looking to reduce your monthly mortgage payment or investors looking for agreat rental investment. You found it here with this legal duplex which has lots of potential!!! This house is perfectly situated in the high demand Blakely neighborhood and is fully leased. It is collecting approximate $41,000 annually with an NOI of $32,700 offering a compelling ROI boasting a cap rate around 4.8%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can reduce their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.
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Calling all investors! Renovated legal duplex with income potential in the basement. 3 bedroom main floor unit with newly renovated kitchen, ceramic flooring, living room, new 4 pc bathroom and in-suite washer and dryer. The upper level is a 2 bedroom apartment with updated vinyl flooring, kitchen with ceramic tiles and 4 pc bathroom. Each unit separately metered. Each unit comes with one parking spot. Located in an area with high rental demand this will make for a sound investment. Close to all amenities, Tim Hortons Field, Bernie Morelli Recreation Centre, schools, public transit and highway access.
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