42 Balsam Avenue, Hamilton, ON
Property no longer active
This property was sold on September 16, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Stipley. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $679,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 3 Bathrooms
- Premium 25 x 83.5 ft lot size
- Features a full, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Carpet Free, Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this charming Legal non-conforming duplex located in the vibrant Stipley neighbourhood of Hamilton, Ontario. This property offers two distinct units, perfect for investors or those seeking a multi-family home. The main unit is fully updated and features a spacious bedroom located in the basement, complemented by a versatile living room that can easily be converted into a second bedroom. It includes a 4-piece bath in the basement and a 2-piece bath on the main level. Enjoy outdoor living with a beautiful backyard deck and full access to the backyard, ideal for entertaining or relaxation. The second unit is also fully updated, boasting two bedrooms and one bathroom. This unit is currently vacant and ready for immediate occupancy. It also features a private balcony, providing a serene spot to unwind and enjoy the fresh air. Situated in a friendly neighbourhood, this duplex is conveniently close to schools, parks, public transit, and local amenities. Great for investors or those looking to live in one unit and rent out the other, this property offers excellent income potential and flexibility. Additionally, the property includes two convenient parking spots, enhancing its appeal. Don't miss this unique opportunity to own a versatile property in a prime location. Whether you're looking for an investment property or a home to accommodate extended family, this duplex offers great potential. Main Floor tenants have agreed to vacate Sept 1st as per an N12.
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Property Summary
This detached home located at 42 Balsam Avenue, Hamilton is currently for sale and has been available on SousaSells for 737 days. This property is listed at $679,000 with an estimated mortgage of $2,260* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 42 Balsam Avenue, Hamilton is in the Stipley neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Carpet Free, Separate Hydro Meter
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 42 Balsam Avenue N, Hamilton, ON L8L 6Y3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $679,000 in Hamilton, the legal minimum down payment is $42,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,055 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,055.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.