$1,549,990

Multiplex

55 Balsam Avenue, Hamilton, ON

25 DAYS
13
7
2
3000-3500
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Listed by RED HOUSE REALTY

Property Highlights

Garage

2 spaces

Property Tax

$7,123/yr

Age

51-99 yrs

Lot Size

5,776 sqft

Fireplace

6 fireplaces

Style

3-Storey

Basement

Apartment, Separate Entr.

Monthly Cost

$7,139/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$6,545
Property Tax ($7,123/yr)$594
Total$7,139

Price & Listing History

Schools

Location

Tap to view full map

Rooms

Main Level

Bedroom: 2.61m × 2.71m
Bathroom: 1.60m × 1.80m
Bedroom 2: 2.61m × 2.79m
Kitchen: 3.38m × 2.49m
Family Room: 4.08m × 3.63m
Dining Room: 3.02m × 5.23m

Listing Presented By

Iryna Tarabanovska

Iryna Tarabanovska

REALTOR®

+1 (647) 570-8221
iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage