55 BALSAM AVENUE SOUTH

Hamilton (Stipley), , L8M3A9, Canada

$1,549,990

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: Water Heater

Last updated on : Tuesday 10th of February 2026 08:15:24 AM

ADDRESS

Street : 55 BALSAM AVENUE SOUTH

City : Hamilton (Stipley)

Country : Canada

Postal Code : L8M3A9

Open in Google Map

PROPERTY SUMMARY

Property ID : X12774266

Building Type : Other

Property Type : Multi-family

Bedrooms : 13

Bathrooms : 7

Parking : 5

Parking Type: Detached Garage, Garage

Similar Properties

Multi-family

258 HENRIETTA STREET

Fort Erie (Central), Ontario, L2A2K7

$799,000

Beds: 13Baths: 5

property Type: Other

type: Sale

HARINDER KAUR
17 hours ago

DETAILS

Multi-family

3025 QUEEN STREET EAST EAST

Toronto (Birchcliffe-Cliffside), Ontario, M1N1A5

$3,900,000

Beds: 13Baths: 9

property Type: Other

type: Sale

ROXANE BRYCE
1 month ago

DETAILS

Multi-family

1613 DUFFERIN STREET

Whitby (Port Whitby), Ontario, L1N1B3

$1,799,000

Beds: 13Baths: 9

property Type: Other

type: Sale

STEVEN SARASIN
2 weeks ago

DETAILS

Multi-family

12 SHAW STREET

Springwater (Elmvale), Ontario, L0L1P0

$1,090,000

Beds: 13Baths: 6

property Type: Other

type: Sale

LUKE MORRISON
3 months ago

DETAILS

Multi-family

38 PARK LANE CIRCLE

Toronto (Bridle Path-Sunnybrook-York Mills), Ontario, M3C2N2

$21,888,000

Beds: 13Baths: 10

property Type: Duplex

type: Sale

SONAM GROVER
1 month ago

DETAILS

Inquire about this property