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:53661)
Property Details
| MLS® Number | X12380922 |
| Property Type | Multi-family |
| Neigbourhood | Stipeley |
| Community Name | Stipley |
| Equipment Type | None |
| Features | In-law Suite |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 13 |
| Bedrooms Total | 13 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s), Separate Electricity Meters |
| Appliances | Water Heater, Stove, Refrigerator |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Fireplace Total | 6 |
| Flooring Type | Hardwood, Tile |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 91 Ft ,6 In |
| Size Frontage | 63 Ft ,1 In |
| Size Irregular | 63.1 X 91.5 Ft |
| Size Total Text | 63.1 X 91.5 Ft |
| Zoning Description | 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
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September 04 2025 05:40:46
Toronto Regional Real Estate Board
Red House Realty
