Listed by Red House Realty.

55 Balsam Avenue S is a Multiplex, 3-Storey and is currently for Sale @ $1,549,990. Taxes in 2025 were $7,123.48.

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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. The 3-Storey on 55 Balsam Avenue S has 13 bedrooms, 7 bathrooms, and is located on a 91.52 x 63.11 ft lot in the community of Stipley . 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.

The address 55 Balsam Avenue S was listed for sale (MLS# X12774266) on Tuesday, February 10, 2026.