193 Balmoral Avenue N, Hamilton

$ 1.369.000

40 Photos

193 Balmoral Avenue N, Hamilton, ON L8L7S1 Photo 2

193 Balmoral Avenue N, Hamilton, ON L8L7S1 Photo 3

193 Balmoral Avenue N, Hamilton, ON L8L7S1 Photo 4

193 Balmoral Avenue N, Hamilton, ON L8L7S1 Photo 5

193 Balmoral Avenue N, Hamilton, ON L8L7S1 Photo 6

193 Balmoral Avenue N, Hamilton, ON L8L7S1 Photo 7

Bedrooms: 9
Bathrooms: 4
Living area: 2586 square feet
MLS®: h4194270

Type: Multifamily
Added: 28 days ago
Type: Multifamily
Listed by: Point2

Property Details

Investment Opportunity of a Lifetime! Welcome savvy investors, to 193 Balmoral, a recently renovated\r\nlegal 4 plex with the approval for a 5th unit in the basement. Currently at $80k/year gross rent with the ability to\r\neasily get to $100k with the build of the 5thunit. Currently boasting four long term leased units: 2 x 1 br, 1 x3br and\r\n1 x 4br. 3 separate central hvac systems, 4 electrical and gas meters as well as insuite laundry allow for low\r\nmonthly costs to landlord. Easy to manage investment property, can even live in one and rent the rest

Best Mortgage Rates

Features

Other: Inclusions: Refrigerators, washers and dryers, stoves, All elfs, A/C, Furnaces., Exclusions: Tenants belongings., Laundry Access: In-Suite, Leases
Cooling: AC Type: Central Air
Heating: Gas, Forced Air
Lot Features: Urban
Extra Features: Area Features: Hospital, Park, Public Transit, Schools
Sewer/Water Systems: Sewers: Sewer

Nearby Places

Name	Type	Address	Distance
Parkview Secondary School	The school's mission statement was "Educating stud...		0.8 km
Parkview Secondary School	School	60 Balsam Ave N	0.8 km
Brian Timmis Stadium	[1] The stadium most recently hosted association f...		0.9 km
The Centre on Barton	It was a "plaza" for many years before being close...		0.9 km
Tim Hortons Field	Stadium	75 Balsam Ave N	0.9 km
Tim Hortons Field	During the Pan American Games, it was referred to ...		1.0 km
Ivor Wynne Stadium	The club's previous home was the Hamilton Amateur ...		1.0 km
Kenilworth Avenue (Hamilton, Ontario)	It starts off at the Kenilworth Traffic Circle and...		1.2 km
Hamilton East—Stoney Creek	Of the 115,709 constituents of the riding, a sligh...		1.3 km
Hamilton East—Stoney Creek (provincial electoral district)	Of the 115,709 constituents of the riding, a sligh...		1.3 km
Adelaide Hoodless Public School	School Principal - Kelly Charles Vice Principal - ...		1.5 km
270 Sherman	The five buildings which together constitute 270 S...		1.8 km

Similar Multifamilys Stat in Hamilton

We have found 6 Multifamily that closely match the specifications of the property located at 193 Balmoral Avenue N with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 1,159,900 and 1,690,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Multifamily in the L8L7S1 postal code area of Hamilton Ontario Canada.

193 Balmoral Avenue N mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 193 Balmoral Avenue N. The current price of the property is $1,369,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,095,200. This would result in a monthly mortgage payment of $6,402 over a 25-year amortization period.

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