For Sale - 55 Balsam Avenue, Hamilton, Ontario

Est payment $8,426/mo
Views   1
Time on Jump  137 day
  • Solid 6 plex with an additional bachelor unit for extra income.
  • Spacious 2 bedroom units appealing to a wide range of tenants.
  • Stable cash flow from long-term tenants already in place.
  • Prime location near future LRT line with great visibility and walkability.
  • Recent upgrades provide peace of mind and potential for future development.



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.
Listing IDX12380922
Address55 Balsam Avenue
CityHamilton, Ontario
Price$1,699,900
Bed / Bath13 / 7 Full
Style3-Storey, Multiplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater, Water Heater OwnedOwnership FreeholdBasement Apartment, Separate EntranceFoundation UnknownHeating / Cooling WaterHeating Fuel GasSewer Sewer
Parking 5.00
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Listing Agency:  RED HOUSE REALTY
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55 Balsam Avenue
Hamilton , Ontario
13 7 $1,699,900
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