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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$1,699,900
Available - For Sale
Listing ID: X12380922
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: $7,123.48
Occupancy by: Tenant
Address: 55 Balsam Aven South , Hamilton, L8M 3A9, Hamilton
Directions/Cross Streets: Dunsmure Rd & Balsam
Rooms: 31
Bedrooms: 13
Bedrooms +: 0
Washrooms: 7
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 5.90 Tile Floor, Ceramic Sink, Soaking Tub
Room 6: Main Kitchen 11.09 8.17 Stainless Steel Appl, Stainless Steel Sink, W/O To Balcony
No. of Pieces Level
Washroom 1 3 Lower
Washroom 2 3 Main
Washroom 3 3 Second
Washroom 4 3 Third
Washroom 5 0
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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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RED HOUSE REALTY

55 Balsam Aven South , Hamilton, L8M 3A9, Hamilton

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Stipley
Style: 3-Storey
Lot Size: x 91.52(Feet)
Approximate Age: 51-99
Tax: $7,123.48
Maintenance Fee: $0
Beds: 13
Baths: 7
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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