$789,990 - 129 Balsam Avenue, Hamilton
Detached for Sale in Hamilton
136 days on market- MLS Number
- X12690640
- Property Type
- Detached
- Status
- active
- Days on Site
- 136
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Turn-Key, Fully Renovated 2.5-Storey Brick Detached Residence in the Highly Sought-After St Clair/Blakeley Community. Welcome to a stunning, move-in ready home featuring two expansive, self-contained units an ideal opportunity for investors, multi-generational living, or homeowners seeking to offset costs by living in one unit and renting the other. Step into the beautifully redesigned main-level unit, showcasing two bedrooms and two bathrooms, thoughtfully updated with modern finishes throughout. The open-concept kitchen is a chefs delight, boasting sleek stainless steel appliances, stylish cabinetry, and a breakfast bar that seamlessly flows into the elegant living and dining areas perfect for entertaining. The luxurious primary suite features soaring 9+ ft ceilings, a statement rustic barn door, and a serene ambiance. Enjoy added living space in the sunroom and lower-level den, along with a spacious second bedroom offering privacy and comfort. The second unit, equally impressive, is tailored for a growing family or as a high-yield rental. It offers a brand-new modern kitchen, three generously sized bedrooms, a bright and airy family room ideal for gatherings, separate laundry facilities, and a private balcony for outdoor enjoyment. Extensively renovated in 2022 with attention to detail and quality craftsmanship, this vacant home is ready for immediate occupancy and income potential. Rental Potential over $4500+ per month. Great Cap rate for the location as well.
Estimate your monthly payments for this property
Estimated Payment
$4,053.06/mo
Includes CMHC insurance ($22,041)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
129 Balsam Avenue, Hamilton
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $527/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 136 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,292 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.