100 Balsam Avenue South

Hamilton, ONMulti-family
$799,999
MLS® X13849398
Multi-family5 beds4 baths5 total
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About This Property

Rare Income & Multi-Generational Opportunity - Legal Triplex + Additional Basement Unit! Whether you're an investor looking to expand your portfolio, a buyer looking to offset your mortgage with rental income, or a family seeking flexible living arrangements, this unique property offers a legal triplex with an additional basement unit, providing an exceptional combination of income potential and versatility.Fully vacant and ready for its next owner, the property gives you the flexibility to establish your own tenant mix and maximize rental income from day one. Significant updates have already been completed, including updated electrical wiring (2026), most windows replaced (2026), and a brand-new garage door (2026), offering peace of mind and added value for the next owner.The property also features coin-operated laundry, creating an additional income stream, while the detached garage provides even more opportunity. Use it for parking or storage, rent it out for additional income, or explore the potential to convert it into an ADU, subject to applicable approvals. For the owner-occupier, the possibilities are just as appealing. Live in one unit while renting out the others to help offset your mortgage, use additional space for parents or in-laws, or create a comfortable multi-generational living arrangement with separate spaces for family members. With the property fully vacant, you have the flexibility to configure the property around your specific needs. For investors, the combination of a legal triplex, additional basement unit, vacancy, coin-operated laundry, detached garage, and recent upgrades creates multiple opportunities to generate income and add value over time. Live in one. Rent the others. House the family. Or maximize the income - the choice is yours. (id:63604)

Key Facts

Type
Multi-family
Beds
5
Baths
4
Size
2,000 sqft
Lot
45 x 91.3 FT
Parking
5 total

Highlights

  • Washer
  • Refrigerator
  • Water meter
  • Stove
  • Dryer
Property Details 16 details
Bedrooms
5 bedrooms
4 above grade + 1 below grade
Bathrooms
4 bathrooms
Parking
5 parking spaces
Detached Garage · Garage
Living area
2,000 - 2,500 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Triplex
Attached status
Attached
Storeys
2.50
Basement
Finished, Apartment in basement, Separate entrance
Heating
Radiant heat, Natural gas
Fireplace
Yes
Lot dimensions
45 x 91.3 FT
Frontage
45 feet
Taxes
$5,388.00
Zoning
c
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

WasherRefrigeratorWater meterStoveDryer

Exterior features

BrickBlockFenced yard

Lot and water

Guest Suite
Mortgage & Affordability Estimate monthly costs
Mortgage Tools Buyer/Seller Snapshot
Purchase price$799,999
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Stipley
City
Hamilton
Postal code
L8M 3B3
Nearby
Cross Streets: Main and Balsam. ** Directions: Main St E to Balsam Ave S.
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