55 Balsam Avenue S, Hamilton, Ontario L8M 3A9

Listed for:
$1,699,900
13 beds
7 baths
Listed 76 days ago
Other for rent: 55 Balsam Avenue S, Hamilton, Ontario L8M 3A9

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Learn more about this property
Listing provided by:
RED HOUSE REALTY
MLS® number:
X12380922
Agent:
Mike Czerniecki
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About

Cross Streets: Dunsmure Rd & Balsam. ** Directions: Main St E & Balsam Av S. 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:27476)

Property Highlights

MLS® Number
X12380922
Type
Multi-family
Community Name
Stipley
Land Size
63.1 x 91.5 FT
Parking Space Total
5

Building

Building Type
Other
Storeys
3.00
Square Footage
3000 - 3500 sqft
Bathrooms Total
7
Bedrooms Above Ground
13
Bedrooms Total
13
Amenities
Fireplace(s), Separate Electricity Meters
Exterior Finish
Brick
Fireplace Present
Yes
Basement Type
N/A, N/A
Basement Features
Apartment in basement, Separate entrance
Building Heating Type
Hot water radiator heat
Heating Fuel
Natural gas
Building Cooling Type
Window air conditioner

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Family room
Main level
4.08 m x 3.63 m
Dining room
Main level
3.02 m x 5.23 m
Bedroom
Main level
2.61 m x 2.71 m
Bedroom 2
Main level
2.61 m x 2.79 m
Bathroom
Main level
1.6 m x 1.8 m
Kitchen
Main level
3.38 m x 2.49 m

Location