55 Balsam Avenue Hamilton, Ontario
PROPERTY INFO
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:4555)
PROPERTY SPECS
Price $1,699,900
City Hamilton, Ontario
Bed / Bath 13 / 7 Full
Address 55 Balsam Avenue
Listing ID X12380922
Style Other
Flooring Tile, Hardwood
Fireplace 6.00
Parking 5.00
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Features
In-Law Suite Ownership
Freehold Basement
Apartment in basement, Separate entrance, N/A Sewer
Sanitary sewer Parking
5.00
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