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$ 2,800,000
Est. payment /mo
Active
109 Balsam AVE S Hamilton, ON L8M 3B2
11,724 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,724 sqft
Price per Sqft $238
Subdivision Stipley
MLS Listing ID X12465229
Annual Tax Amount $35,186
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Hamilton
Community Stipley
Area Hamilton
Zoning DE-2
Interior
Cooling Partial
Inclusions 16 Fridges, 16 Stoves, 2 Washers, 2 Dryers, 1 Hot Water Tank Gas
Exterior
Parking Features None
Community Features Public Transit
Utilities Available Yes
Building
Lot Description Lot
Lited by EXP REALTY
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