55 Balsam Avenue S Hamilton, Ontario L8M 3A9
$1,699,900
A rare opportunity to own a solid purpose-built 6 plex with a bonus non-conforming bachelor unit, delivering seven income streams under one roof. Situated in Hamilton's rapidly growing east end, this property offers reliable returns and long-term upside. Featuring six spacious 2 bedroom units that attract a wide tenant base, along with great long term tenants already in place, investors can step into stable cash flow from day one. Just steps to the future LRT line, the building benefits from excellent visibility, walkability, and ongoing rental demand. Recent upgrades include a new water line connection (2025) and a new boiler (2025) New Windows (2023 in the upper units) 6 Separate newer Hot Water Tanks (3 purchased in 2025). A detached garage provides extra storage or potential for future development leaving room for additional value. This is a turnkey, income-generating asset in one of Hamilton's fastest growing corridors. (id:60365)
Property Details
| MLS® Number | X12380922 |
| Property Type | Multi-family |
| Community Name | Stipley |
| EquipmentType | None |
| Features | In-law Suite |
| ParkingSpaceTotal | 5 |
| RentalEquipmentType | None |
Building
| BathroomTotal | 7 |
| BedroomsAboveGround | 13 |
| BedroomsTotal | 13 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s), Separate Electricity Meters |
| Appliances | Water Heater, Stove, Refrigerator |
| BasementFeatures | Apartment In Basement, Separate Entrance |
| BasementType | N/a |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick |
| FireplacePresent | Yes |
| FireplaceTotal | 6 |
| FlooringType | Hardwood, Tile |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat |
| StoriesTotal | 3 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 91 Ft ,6 In |
| SizeFrontage | 63 Ft ,1 In |
| SizeIrregular | 63.1 X 91.5 Ft |
| SizeTotalText | 63.1 X 91.5 Ft |
| ZoningDescription | C |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Family Room | 4.08 m | 3.63 m | 4.08 m x 3.63 m |
| Main Level | Dining Room | 3.02 m | 5.23 m | 3.02 m x 5.23 m |
| Main Level | Bedroom | 2.61 m | 2.71 m | 2.61 m x 2.71 m |
| Main Level | Bedroom 2 | 2.61 m | 2.79 m | 2.61 m x 2.79 m |
| Main Level | Bathroom | 1.6 m | 1.8 m | 1.6 m x 1.8 m |
| Main Level | Kitchen | 3.38 m | 2.49 m | 3.38 m x 2.49 m |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28813778/55-balsam-avenue-s-hamilton-stipley-stipley
Mike Czerniecki
Salesperson
112 Avenue Rd Upper Level
Toronto, Ontario M5R 2H4
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 04 2025 05:40:46
Toronto Real Estate Board
Red House Realty
© 2025 Proptech Realty Inc., Brokerage.