100 Balsam Avenue S,Hamilton, ON L8M3B3
Hamilton, ON L8M3B3
Description
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:13843)
Details
| MLS # | 40867873 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1920 |
| Days On Site | 25 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Shay Flood |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,257 |
| Garage | 5 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | C |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat |
| Fireplace Yes / No | No |
Exterior
| Accessibility Features | Accessible Entrance |
|---|---|
| Lot Features | Paved driveway, Laundry- Coin operated, Private Yard |
Parking
| Parking Features | Detached Garage |
|---|---|
| Parking Total | 5 |
Utilities
| Utilities | Electricity, Telephone |
|---|---|
| Sewer | Municipal sewage system |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5388.05 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8M3B3 |
| Community Name | 202 Gibson/Stipley South |
| Listing VS Median (in 202 Gibson/Stipley South) | |
Price: $799,999 low | high Med: $2,995 sqft: 2,257 low | high Med: 2,324 $ / sqft: $354 low | high Med: $1 On site: 25 low | high Med: 33 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Hamilton |
| Postal Code | L8M3B3 |
| Community Name | 202 Gibson/Stipley South |
| Listing VS Median (in 202 Gibson/Stipley South) | |
Price: $799,999 low | high Med: $2,995 sqft: 2,257 low | high Med: 2,324 $ / sqft: $354 low | high Med: $1 On site: 25 low | high Med: 33 | |
