100 Balsam Avenue S, Hamilton, Ontario L8M 3B3

Listed for:
$799,999
5 beds
4 baths
Listed 1 day ago
Fourplex for rent: 100 Balsam Avenue S, Hamilton, Ontario L8M 3B3

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About

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:27476)

Property Highlights

MLS® Number
40867844
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
5

Building

Building Type
Fourplex
Storeys
2.50
Square Footage
2257 sqft
Bathrooms Total
4
Bedrooms Total
5
Amenities
Park, Place of Worship, Public Transit, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Building Heating Type
Radiant heat
Heating Fuel
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
RE/MAX Escarpment Realty Inc.
MLS® number:
40867844
Agent:
Shay Flood
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