195 Balmoral Avenue N

Introducing an exceptional investment opportunity with a Multi-Family Home for sale in Hamilton , located at 195 Balmoral Avenue N, Hamilton. Nestled in the highly sought-after Crown Point neighbourhood, this remarkable multiplex comprises three buildings, featuring six self-contained units, each thoughtfully designed to provide a comfortable living experience. With a total of six bedrooms and six bathrooms across the property, this is a rare find in the bustling city of Hamilton.

The property at 195 Balmoral Avenue N, Hamilton, boasts a robust brick and concrete exterior, ensuring durability and a classic aesthetic. Each unit is equipped with a kitchen, providing the essential amenities for everyday living. The well-appointed living areas are perfect for relaxation, making this Multi-Family Home for sale in Hamilton an attractive option for potential tenants. Notably, all units are fitted with separate hydro meters, allowing for easy management of utilities.

Four of the six units have been completely renovated, showcasing modern finishes and most new necessary appliances, which enhances their appeal to prospective renters. This attention to detail and investment in the property makes the Multi-Family Home for sale in Hamilton an enticing prospect for investors looking for stable cash flow with significant upside potential.

The property is situated in a friendly community, offering residents convenient access to a variety of local amenities. Just a stone's throw away, you will find Tim Hortons Field, schools, a recreation centre, Gage Park, and numerous shopping options. This prime location not only enhances the desirability of the property but also ensures a steady stream of potential tenants, making this an ideal investment for those seeking to expand their portfolio.

The layout of the Multi-Family Home for sale in Hamilton is designed to maximise space and functionality. With a total of 12 rooms, including the six bedrooms and six bathrooms, the property is well-suited for a variety of living arrangements. The absence of a den and family room does not detract from the overall appeal, as the spacious kitchens and living areas provide ample room for socialising and relaxation.

Furthermore, the property benefits from central air conditioning, ensuring a comfortable environment throughout the year. Although there is no pool or fireplace, the finished basement offers additional living space, which can be utilised in various ways, enhancing the overall value of the property. The absence of a central vacuum system is a minor consideration, as the property is otherwise well-equipped for modern living.

Parking is not an issue at 195 Balmoral Avenue N, Hamilton, as the private driveway accommodates up to six vehicles, providing convenience for both residents and guests. The lot measures 25 x 100 feet, offering a manageable outdoor space without the burden of excessive maintenance. The property is serviced by municipal water and sewer, ensuring reliable utilities for all tenants.

With an age range of 51-99 years, this Multi-Family Home for sale in Hamilton combines character with modern amenities, making it a solid multi-unit investment to add to any portfolio. The property is also assessed as 1129 Cannon St., with property taxes billed under both 1129 Cannon and 195 Balmoral, which adds to its investment appeal.

In conclusion, this Multi-Family Home for sale in Hamilton at 195 Balmoral Avenue N, Hamilton, presents an outstanding opportunity for investors. With its prime location in the Crown Point neighbourhood, well-maintained units, and proximity to local amenities, this property is poised to deliver both immediate and long-term returns. For further details, please refer to the attachments provided. Don’t miss out on this chance to secure a valuable asset in the thriving Hamilton area.

Crown Point is a charming neighbourhood nestled within the city of Hamilton, Ontario, known for its distinctive blend of urban convenience and suburban tranquillity. This area boasts a rich tapestry of tree-lined streets, well-maintained parks, and a variety of local shops and eateries that contribute to its inviting atmosphere. Residents enjoy easy access to public transport and major roadways, making commuting a breeze. The community is also home to a diverse population, fostering a sense of inclusivity and connection among neighbours. With its close proximity to amenities and recreational facilities, Crown Point offers an appealing lifestyle for those seeking a vibrant yet peaceful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Queen Mary Elementary School, just 0.6 km away, offering grades JK to 8 with a respectable school rating of 3.5. Holy Name of Jesus CES, a Catholic elementary school, is even closer at 0.3 km, providing a strong academic environment with a rating of 4. For secondary education, Bernie Custis Secondary School is located 0.9 km away, although it has a lower rating of 1.9. Alternatively, Sherwood Secondary School, situated 2.3 km from the property, boasts a much higher rating of 6.9. Additionally, A.M. Cunningham and W.H. Ballard Elementary Schools are nearby, offering French language programs, with ratings of 0 and 3.5 respectively. Cathedral CSS, another Catholic secondary school, is located 2.4 km away with a rating of 3.1. Overall, the area provides a variety of educational options in both English and French, catering to different preferences and needs, ensuring that families have access to quality education close to home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 574 residents. The average household consists of 2.4 individuals, and the median age is 37.4 years, indicating a relatively young population. The average household income stands at $77,000, with 18.8% of the residents classified as low-income. The real estate market reflects an average property price of $480,000, and the area has a significant percentage of single individuals, comprising 51.58% of the population. Families are also present, with 37.5% of households having children. The community is diverse, with 15.65% of residents being immigrants. Renting is common, with 40% of households classified as renters, while there are no condominiums available in the area. Educational attainment is notable, as 38.71% of residents hold a college or university degree. However, a significant portion of the population, 31.18%, is not participating in the labor force, which may reflect various socio-economic factors. Overall, this area presents a mix of young families, singles, and a diverse demographic landscape, making it an intriguing location for potential homebuyers or investors.