$1,549,990
16.64 BTC
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55 Balsam Avenue, Hamilton
$1,549,990
PRICE
13
BEDROOMS
7
BATHROOMS
X12774266
MLSID

55 Balsam Avenue, Hamilton

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.
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Summary

Address
55 Balsam Avenue
Community
MLSID
X12774266
Property Type
Multiplex
Property Category
Bedrooms
13
Bathrooms
7
Kitchens
7
Zoning
c
Taxes (Annual)
$7,123.48
Tax Year
2025
Published
February 10, 2026
Days on Market
24 Days
Possession Type
Flexible
Possession Details
Flexible
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Details

Bathroom 1
3-Piece Lower Level
Bathroom 2
3-Piece Main Level
Bathroom 3
3-Piece Second Level
Bathroom 4
3-Piece Third Level
Basement
Apartment, Separate Entrance
Interior Features
In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater, Water Heater Owned
Parking Spaces
3
Parking Total
5
Parking Features
Available, Private Double, Front Yard Parking
Architectural Style
3-Storey
Roof
Metal
Construction Materials
Brick
Lot Width
63 Feet
Lot Depth
92 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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