55 Balsam Ave S

For Sale New 29 hours
$1,699,900
13 beds
7 baths

55 Balsam Ave S

For Sale New 29 hours
$1,699,900
13 beds
7 baths

Highlights

Key insights

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. (id:63267)

MIKE CZERNIECKI of RED HOUSE REALTY,
#X12380922
updated 1 day ago.
Houseful checked MLS® for data 1 day ago.

Home overview

Amenities / Utilities
  • Cooling
    Window air conditioner
  • Heat source
    Natural gas
  • Heat type
    Hot water radiator heat
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    3
  • # parking spaces
    5
  • Has garage (y/n)
    Yes
Interior
  • # full baths
    7
  • # total bathrooms
    7.0
  • # of above grade bedrooms
    13
  • Flooring
    Hardwood, tile
  • Has fireplace (y/n)
    Yes
Location
  • Subdivision
    Stipley
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12380922
  • Property sub type
    Multi-family
  • Status
    Active
Rooms Information metric
  • Dining room
    3.02m X 5.23m
    Level: Main
  • Family room
    4.08m X 3.63m
    Level: Main
  • 2nd bedroom
    2.61m X 2.79m
    Level: Main
  • Kitchen
    3.38m X 2.49m
    Level: Main
  • Bedroom
    2.61m X 2.71m
    Level: Main
  • Bathroom
    1.6m X 1.8m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28813778/55-balsam-avenue-s-hamilton-stipley-stipley
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-4,533

/ Month
25 Years fixed, 20% down payment, % interest
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