We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss
Home ON Greater Hamilton Hamilton Old Hamilton Stipeley
55 BALSAM AVENUE S
Directions Print
55 BALSAM AVENUE S $1,699,900
$1,699,900
Hide
Favourite

55 BALSAM AVENUE S
Hamilton (Stipley), Ontario L8M3A9

MLS® Number: X12380922
13
Bedrooms
7
Bathrooms
3000 - 3500
Square Feet

Listing Description

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. (41194700)

Location Description

Cross Streets: Dunsmure Rd & Balsam. ** Directions: Main St E & Balsam Av S.

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
3
Square Footage
3000 - 3500 sqft
Community Name
Stipley
Land Size
63.1 x 91.5 FT
Age Of Building
51 to 99 years
Annual Property Taxes
$7,123.48
Parking Type
Detached Garage, Garage
Time on REALTOR.ca
102 days

Building

Bedrooms
Above Grade
13
Bathrooms
Total
7
Interior Features
Appliances Included
Water Heater, Stove, Refrigerator
Flooring
Hardwood, Tile
Basement Features
Apartment in basement, Separate entrance
Building Features
Features
In-Law Suite
Foundation Type
Unknown
Building Amenities
Fireplace(s), Separate Electricity Meters
Rental Equipment
None
Heating & Cooling
Cooling
Window air conditioner
Fireplace
6
Utilities
Utility Type
Electricity (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
Detached Garage, Garage
Total Parking Spaces
5

Measurements

Square Footage
3000 - 3500 sqft

Rooms

MetricImperial
Main level
Family room
Dining room
Bedroom
Bedroom 2
Bathroom
Kitchen

Land

Lot Features
Frontage
63 ft ,1 in
Land Depth
91 ft ,6 in
Other Property Information
Zoning Description
c
Are you interested in touring this listing?
Request a showing

Similar Listings

MIKE CZERNIECKI