$2,899,000
FOR SALE

Investment

Lot: 90 x 45.66 ft
2024 Taxes: $35,187

107-109 Balsam Ave S
Hamilton, ON L8M 3B2 | Central

Stunning 16 unit apartment building. 5.1% cap rate with upside on all rents.10 x 1 Bedroom, 6 x 2 Bedroom. Room to grow your income with this add value opportunity. Hydro separately metered. Plumbing upgraded to copper except for 2 units. Close to public transportation. Property being offered at roughly $181k/door. Priced to sell. Data room and full financials available.
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Listed By MYSAK REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9365484
Last Updated Oct 10, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 13 to 20 Units
Category Apartment
Legal Description Plan 506, Lot 195
Occupancy Tenant
Possession Date TBA
Taxes (2024) $35,187
Tax Type Annual
Directions/Cross Streets Main St E/Balsam Ave S
Neighbourhood Central
Area Hamilton
Price History

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Detailed Information
Freestanding Y
Lot 90 x 45.66 ft
Air Conditioning Part
Garage Type None
Heat Type Water Radiators
Gross Income/Sales $255,230
Hydro Expense $3,597
Water Expense $18,389
Heat Expenses $12,604
Insurance Expense $8,945
Taxes Expense $35,187
Year Expenses $2,024
Expenses Actual/Estimated Est
Sprinklers N
Sewers San+Storm
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Building
Zoning DE-2
Seller Property Info Statement N

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