$1,549,990
FOR SALE

Multiplex 3-Storey

Bedrooms: 13Bathrooms: 7Lot: 63.11 x 91.52 ft
2025 Taxes: $7,123.48

55 Balsam Ave S
Hamilton, ON L8M 3A9 | Stipley

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
In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater, Water Heater Owned
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Listed By RED HOUSE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12774266
Last Updated May 15, 2026
Property Summary
Property Type Multiplex

More like this:
Legal Description LT 160, PL 506 ; HAMILTON
Possession Date Flexible
Taxes (2025) $7,123.48
Directions/Cross Streets Dunsmure Rd & Balsam
Neighbourhood Stipley
Area Hamilton
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 13
Bathrooms 7
Lot 63.11 x 91.52 ft
Exterior Brick
Air Conditioning Window Unit(s)
Family Room Y
Fireplace/Stove Y
Basement Apartment, Separate Entrance
Garage Type Detached
Garage/Park Spaces Y
Parking Spaces 3
Heat Source Gas
Heat Type Water
Sewers Sewer

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