$1,699,900
Available - For Sale
Listing ID: X12380922
55 Balsam Aven 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 | $1,699,900 |
| Taxes: | $7123.48 |
| Occupancy: | Tenant |
| Address: | 55 Balsam Aven South , Hamilton, L8M 3A9, Hamilton |
| Directions/Cross Streets: | Dunsmure Rd & Balsam |
| Rooms: | 31 |
| Bedrooms: | 13 |
| Bedrooms +: | 0 |
| 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 | 5.9 | Tile Floor, Ceramic Sink, Soaking Tub |
| Room 6 | Main | Kitchen | 11.09 | 8.17 | Stainless Steel Appl, Stainless Steel Sink, W/O To Balcony |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Lower |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 3 | Second |
| Washroom Type 4 | 3 | Third |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| 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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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RED HOUSE REALTY |
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|
Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Stipley |
| Style: | 3-Storey |
| Approximate Age: | 51-99 |
| Tax: | $7,123.48 |
| Beds: | 13 |
| Baths: | 7 |
| Fireplace: | Y |
| Pool: | None |
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