55 Balsam Avenue

Hamilton, ON L8M 3A9 ( Stipley)

Quick Facts

Type: Multiplex

Style: 3-Storey

Size: Sq Ft

Age: Years

Taxes: $ 7,123 ( 2025)

Updated: 2026-05-04 19:01:53

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.

Extras

Multiplex

Property

Status: For Sale

MLS #: X12774266

Price: $ 1,549,990

Address: 55 Balsam Avenue

Type:

Style: 3-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 7,123

Tax Year: 2025

Lot Size:

Neighbourhood: Stipley

Nearest Intersection: Dunsmure Rd & Balsam

City: Hamilton

Postal Code: L8M 3A9

DOM: 9 Days

Last Update: 2026-05-04 19:01:53

Building

Interior

Bedrooms: 13

Bathrooms: 7

Rooms: 0

Kitchens: 7

Family Room:

Fireplace:

Basement: Apartment Separate Entrance,

Central Vacuum:

Exterior

Exterior: Brick,

Driveway:

Garage: Available Private Double Front Yard Parking

Garage Spaces:

Parking Spaces: 5.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Water

Heat Source: Gas

Air Conditioning: Window Unit(s)

Water:

Sewers:

Features

Rooms