55 BALSAM AVENUE S, Hamilton (Stipley), Ontario, L8M3A9

Property Description

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:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 13 (13 above)
• Bathrooms: 7
• Fireplaces: 6
• Parking: 5 spaces (Detached Garage, Garage)
• Frontage: 63 ft (19.2 m)

Costs

• Annual Taxes: $7,123.48

Listing Provided by: RED HOUSE REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.