55 Balsam Ave, Hamilton, Ontario L8M 3A9
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Highlights
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Price/Sqft$526/sqft
Monthly cost
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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.
Property Details
Interior
Features
Main Floor
Family
4.08 x 3.63Large Window / hardwood floor / Closed Fireplace
Br
2.61 x 2.71hardwood floor / Large Closet / Large Window
Dining
3.02 x 5.23hardwood floor / Wood Trim / Open Concept
2nd Br
2.61 x 2.79hardwood floor / Large Closet / Large Window
Exterior
Features
Parking
Garage spaces 2
Garage type Detached
Other parking spaces 3
Total parking spaces 5
Property History
50
