55 Balsam AVE S new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8M 3A9
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Stipley
MLS Listing ID X12380922
Style 3-Storey
Bedrooms 13
Building Age 51-99
Annual Tax Amount $7,123
Tax Year 2024
Property Sub-Type Multiplex
Property 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.
Location
Province ON
County Hamilton
Community Stipley
Area Hamilton
Rooms
Family Room Yes
Kitchen 7
Interior
Cooling Window Unit(s)
Fireplaces Type Other
Exterior
Parking Features Available,Private Double,Front Yard Parking
Garage Spaces 2.0
Pool None
Roof Type Metal
Building
Foundation Unknown
Others
Virtual Tour https://black-bear-media.aryeo.com/sites/aamegaa/unbranded