ON > Hamilton (stipley) > Stipley
Hamilton (stipley), ON L8M3A9,55 BALSAM AVENUE S
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Elizabeth Chi

Elizabeth Chi

+1(778) 715-9988
$ 1,699,900
Est. payment /mo
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55 BALSAM AVENUE S Hamilton (stipley), ON L8M3A9

13 Beds

7 Baths

3,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $566

Subdivision Stipley

MLS® Listing ID X12380922

Bedrooms 13

Source Toronto Regional Real Estate Board

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. (id:24570)

Location

State ON

Rooms

Kitchen 1.0

Extra Room 1 Main level 4.08 m X 3.63 m Family room

Extra Room 2 Main level 3.02 m X 5.23 m Dining room

Extra Room 3 Main level 2.61 m X 2.71 m Bedroom

Extra Room 4 Main level 2.61 m X 2.79 m Bedroom 2

Extra Room 5 Main level 1.6 m X 1.8 m Bathroom

Extra Room 6 Main level 3.38 m X 2.49 m Kitchen

Interior

Heating Hot water radiator heat

Cooling Window air conditioner

Flooring Hardwood, Tile

Fireplaces Number 6

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 3

Sewer Sanitary sewer

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Listed by RED HOUSE REALTY
Elizabeth Chi

Elizabeth Chi

+1(778) 715-9988

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55 BALSAM AVENUE S