$2,899,000
Available - For Sale
Listing ID: X10408730
107-109 Balsam Ave South , Hamilton, L8M 3B2, Ontario
| 5.6% cap rate with upside on all rents. Stunning 16 unit apartment building. 10 x 1 Bedroom, 6 x 2 Bedroom. Room to grow your income with this value add opportunity. Hydro separately metered. Plumbing upgraded to copper except for 2 units. Close to public transportation. Property being offered at roughly $181k/door. Data room and full financials available. Two Vacant Units. |
| Price | $2,899,000 |
| Taxes: | $35187.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 107-109 Balsam Ave South , Hamilton, L8M 3B2, Ontario |
| Postal Code: | L8M 3B2 |
| Province/State: | Ontario |
| Legal Description: | Plan 506, Lot 195 |
| Lot Size: | 90.00 x 45.66 (Feet) |
| Directions/Cross Streets: | Main St E/Balsam Ave S |
| Category: | Apartment |
| Use: | Apts-13 To 20 Units |
| Building Percentage: | Y |
| Total Area: | 0.00 |
| Total Area Code: | Sq Ft |
| Taxes Expense: | $35187 |
| Insurance Expense: | $8945 |
| Heat Expenses: | $12604 |
| Hydro Expense: | $3597 |
| Water Expense: | $18389 |
| Gross Income/Sales: | $264204 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | Part |
| Sewers: | San+Storm |
| Water: | Municipal |
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| MYSAK REALTY INC. |
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Dir:
416-828-2535
Bus:
647-462-9629
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At a Glance:
| Type: | Com - Investment |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Central |
| Lot Size: | 90.00 x 45.66(Feet) |
| Tax: | $35,187 |
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