13 Beds 7 Bath

55 Balsam Avenue S, Hamilton, ON L8M 3A9

Hamilton L8M 3A9 Ontario

MLS: X12380922

$1,699,900

Added 4 days ago | For Sale

Listed by: RED HOUSE REALTY

About Property

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.

Features

  • House Style:Multiplex
  • Bathrooms:7
  • Land Size: 63.11 X 91.52
  • Water:Municipal
  • Garage Spaces: /Detached
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Dunsmure Rd & Balsam
  • Basement:Apartment,Separate Entrance , Apartment,Separate Entrance
  • Possession Date:
  • Annual Property taxes: $7123.48
  • Bedrooms:13
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Water
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X12380922

Level Type Features Dimensions
Main Family Room Large Window, Hardwood Floor, Closed Fireplace 13 ft, 5 in x 11 ft, 11 in
Dining Room Hardwood Floor, Wood Trim, Open Concept 9 ft, 11 in x 17 ft, 2 in
Bedroom Hardwood Floor, Large Closet, Large Window 8 ft, 7 in x 8 ft, 11 in
Bedroom 2 Hardwood Floor, Large Closet, Large Window 8 ft, 7 in x 9 ft, 2 in
Bathroom Tile Floor, Ceramic Sink, Soaking Tub 5 ft, 3 in x 5 ft, 11 in
Kitchen Stainless Steel Appl, Stainless Steel Sink, W/O To Balcony 11 ft, 1 in x 8 ft, 2 in

No property rooms available.

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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