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$2,699,000
Available - For Sale
Listing ID: X10408730
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 $2,699,000
Taxes: $35,187
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 x 45.66 (Feet)
Directions/Cross Streets: Main St E/Balsam Ave S
Zoning: DE-2
Category: Apartment
Use: Apts-13 To 20 Units
Building Percentage: Y
Total Area: 0
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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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
MYSAK REALTY INC.

107-109 Balsam Ave South , Hamilton, L8M 3B2, Ontario

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Central
Style:
Lot Size: 90.00 x 45.66(Feet)
Approximate Age:
Tax: $35,187
Maintenance Fee: $0
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949