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$1,549,990
Available - For Sale
Listing ID: X12774266
55 Balsam Avenue South , Hamilton, L8M 3A9, 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.
Price $1,549,990
Taxes: $7,123.48
Occupancy by: Tenant
Address: 55 Balsam Avenue South , Hamilton, L8M 3A9, Hamilton
Directions/Cross Streets: Dunsmure Rd & Balsam
Rooms: 31
Bedrooms: 13
Bedrooms +: 0
Washrooms: 7
Family Room: T
Basement: Apartment
Separate Ent
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Family Ro 13.38 11.91 Large Window, Hardwood Floor, Closed Fireplace
Room 2: Main Dining Ro 9.91 17.15 Hardwood Floor, Wood Trim, Open Concept
Room 3: Main Bedroom 8.56 8.89 Hardwood Floor, Large Closet, Large Window
Room 4: Main Bedroom 2 8.56 9.15 Hardwood Floor, Large Closet, Large Window
Room 5: Main Bathroom 5.25 5.90 Tile Floor, Ceramic Sink, Soaking Tub
Room 6: Main Kitchen 11.09 8.17 Stainless Steel Appl, Stainless Steel Sink, W/O To Balcony
No. of Pieces Level
Washroom 1:  3 Lower
Washroom 2:  3 Main
Washroom 3:  3 Second
Washroom 4:  3 Third
Washroom 5:  0
Washroom 6:  3 Lower
Washroom 7:  3 Main
Washroom 8:  3 Second
Washroom 9:  3 Third
Washroom 10:  0
Washroom 11:  3 Lower
Washroom 12:  3 Main
Washroom 13:  3 Second
Washroom 14:  3 Third
Washroom 15:  0
Washroom 16:  3 Lower
Washroom 17:  3 Main
Washroom 18:  3 Second
Washroom 19:  3 Third
Washroom 20:  0
Washroom 21:  3 Lower
Washroom 22:  3 Main
Washroom 23:  3 Second
Washroom 24:  3 Third
Washroom 25:  0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Available,
Drive Parking Spaces: 3
Park #1
Parking Type: Available,
Park #2
Parking Type: Available
Park #3
Parking Type: Private Do
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 3000-3500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Water
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Hydro: Y
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Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
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