$1,549,990
FOR SALE

Multiplex

Bedrooms: 13Bathrooms: 7Lot: 63.08 x 91.5 ft

55 Balsam Avenue S
Hamilton (Stipley), ON L8M 3A9

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:47421)
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Listed By RED HOUSE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12774266
Last Updated Feb 10, 2026
Property Summary
Property Type Multiplex

More like this:
Community Stipley
Price History

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Detailed Information
Bedrooms 13
Bathrooms 7
Lot 63.08 x 91.5 ft
Features In-Law Suite
Listing Contract Date 2026-02-10
Location Description Cross Streets: Dunsmure Rd & Balsam. ** Directions: Main St E & Balsam Av S.
# of Parking Spaces 5
Property Type Multi-family
Transaction Type For sale
Zoning Description c
Building
Age 51 to 99 years
Amenities Fireplace(s), Separate Electricity Meters
Appliances Water Heater
Basement Features Apartment in basement, Separate entrance
Basement Type N/A, N/A
Cooling Type Window air conditioner
Exterior Finish Brick
Fireplace Present Yes
# of Fireplaces 6
Flooring Type Hardwood, Tile
Foundation Type Unknown
Stories Total 3
Type Other
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
Family roomMain level4.08 m x 3.63 m
Dining roomMain level3.02 m x 5.23 m
BedroomMain level2.61 m x 2.71 m
Bedroom 2Main level2.61 m x 2.79 m
BathroomMain level1.6 m x 1.8 m
KitchenMain level3.38 m x 2.49 m
Parking Spaces
Name Spaces
Detached Garage
Garage
Utilities
Type Description
ElectricityInstalled
SewerInstalled
Land
Total Size 63.1 x 91.5 FT
Sewer Sanitary sewer
Size of Irregular Land 63.1 x 91.5 FT

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