Home with brick exterior material, street for 55 Balsam Ave, Hamilton Ontario L8M 3A9
Re-listed 5 hours ago

55 Balsam Ave, Hamilton, Ontario L8M 3A9

Townhouse
13
7
~3000-3500 sqft
$•••,•••
$1,549,990
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Townhouse
13
7
~3000-3500 sqft

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Highlights

Property Estimate

Days on market5 hours

Total days on market
159 days

Estimated valueNot available

Price/Sqft$479/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

Style3-Storey
View-
Age of property51-99
SqFt~3000-3500 SqFt
Lot Size5,775 SqFt(91.52 x 63.11)
Parking Spaces5
MLS ®NumberX12774266
Community NameStipeley
Data SourceTRREB
Listing byRED HOUSE REALTY

Features

Heating: Water
Cooling: Window Unit
Fireplace
Basement: Apartment, Sep Entrance

Main Floor

Dining

3.02 x 5.23

hardwood floor / Wood Trim / Open Concept

Family

4.08 x 3.63

Large Window / hardwood floor / Closed Fireplace

Br

2.61 x 2.71

hardwood floor / Large Closet / Large Window

2nd Br

2.61 x 2.79

hardwood floor / Large Closet / Large Window


Features

Lot size: 5,775 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 3

Total parking spaces 5


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
5 hours on market
history photo preview50
Listing by trreb®
Property listed by RED HOUSE REALTY, Brokerage
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Market Data - Stipeley

Geo Zone Map ThumbnailStipeley

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2025

0 day

2024

9 days

New Listings

Past 30 days

2 listings

Compared to

2025

0 listing

2024

0 listing

Units sold

Past 30 days

0 unit

Compared to

2025

0 unit

2024

1 unit

Median Sold Price

Past 30 days

$0

Compared to

2024

$539,300


Population and Demographics

Overview

Total population 6276
Average household income $91,677

Age (%)

0 to 19
21%
20 to 34
26%
35 to 49
21%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
54%
Single person
37%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
87%
Spanish
2%
Italian
2%
Polish
2%
Portuguese
1%
French
1%
Vietnamese
1%
Arabic
1%
Others
1%

House tenancy (%)

Renters
51%
Owners
49%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget