55 Balsam Ave, Hamilton, Ontario L8M 3A9
Contact us about this property
Highlights
Estimated valueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.Not available
Price/Sqft$526/sqft
Monthly cost
Open Calculator
Curious about what homes are selling for in this area?
Get a report on comparable homes with helpful insights and trends.
*Based on last 30 days
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
Interior
Features
Main Floor
Dining
3.02 x 5.23hardwood floor / Wood Trim / Open Concept
2nd Br
2.61 x 2.79hardwood floor / Large Closet / Large Window
Br
2.61 x 2.71hardwood floor / Large Closet / Large Window
Bathroom
1.6 x 1.8Tile Floor / Ceramic Sink / Soaker
Exterior
Features
Parking
Garage spaces 2
Garage type Detached
Other parking spaces 3
Total parking spaces 5
Property History
50
