Home > All listings > 55 Balsam Avenue S, Hamilton, ON L8M 3A9

$1,549,990

55 Balsam Avenue S, Hamilton, ON L8M 3A9

Stipley, Hamilton,

13  | 7  | 3  | 3,500 sq.ft. | Year Built: 51-99 |
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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.

Property Info
MLS®: X12774266
Listing Courtesy of RED HOUSE REALTY
Total Bedrooms 13
Total Bathrooms 7
Basement 1
Floor Space 3000-3500 sq.ft.
Lot Size 5776 sq.ft.
Style 3-Storey
Last Updated 2026-02-10
Property Type House
Listed Price $1,549,990
Unit Pricing $443/sq.ft.
Tax Estimate $7,123/Year
Year Built 51-99
Rooms
More Details
Exterior Finish Brick
Parking Cover 2
Parking Total 3
Water Supply Municipal
Foundation Sewer
Summary
    Location and General Information
  • HoldoverDays: 120
  • Architectural Style: 3-Storey
  • Property Type: Residential Freehold
  • Property Sub Type: Multiplex
  • DirectionFaces: South
  • GarageType: Detached
  • Directions: Main St E & Balsam Av S
    • Taxes and HOA Information
  • Tax Year: 2025
    • Parking
  • Parking Features: Available, Private Double, Front Yard Parking
  • ParkingSpaces: 3
  • Parking Total: 5
Interior and Exterior Features
    Bathrooms Information
  • WashroomsType1: 2
  • WashroomsType1Level: Lower
  • WashroomsType2: 2
  • WashroomsType2Level: Main
  • WashroomsType3: 2
  • WashroomsType3Level: Second
  • WashroomsType4: 1
  • WashroomsType4Level: Third
    • Bedrooms Information
  • BedroomsAboveGrade: 13
    • Interior Features
  • Fireplaces Total: 6
  • Interior Features: In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater, Water Heater Owned
  • Basement: Apartment, Separate Entrance
  • Cooling: Window Unit(s)
  • HeatSource: Gas
  • HeatType: Water
    • Exterior Features
  • ConstructionMaterials: Brick
  • Roof: Metal
  • Pool Features: None
Property
    Utilities
  • Sewer: Sewer
    • Property and Assessments
  • Foundation Details: Unknown
    • Lot Information
  • LotSizeUnits: Feet
  • LotDepth: 91.52
  • LotWidth: 63.11
    • Others
Sold History
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