204 Balsam Ave, Hamilton, L8M 3B8

Home Overview

Description

An exceptional opportunity in Hamilton's St.Clair/Blakeley neighbourhood. This skillfully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $5,644 per month OR an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $741.25* per month OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $808* PER MONTH! Talk about affordability! Configured as a legal duplex with a 3rd self-contained unit, this versatile property features beautifully updated interiors including bright white kitchens, quartz counters with modern subway tile backsplashes, stainless steel appliances with dishwashers and over-the-range microwaves, and the convenience of in-suite laundry in each unit. Durable white oak luxury vinyl plank flooring runs throughout, enhancing both style and longevity. The well-designed layout includes a 2-bedroom unit with a stone patio, a 1-bedroom unit with a private deck, and a spacious 3-bedroom unit spanning two levels with a separate laundry room. Separate hydro meters provide efficient utility management, while four-car parking with front and alley access adds rare functionality. The fully fenced, hardscaped backyard offers low-maintenance outdoor space, and the covered front porch adds timeless curb appeal to this 2.5-storey home. Situated steps to Gage Park, Ottawa Street's popular shops and restaurants, schools, and easy Sherman access for commuting, this turnkey property blends flexibility, functionality, and lifestyle in one exceptional offering. Ready to explore the possibilities? RSA.

8 days

On Market

Detached

Property Type

$5,409 / Year

Est. Taxes

2 1/2 Storey

Style

None

Garage

Finished

Basement