ON > Hamilton > Stipley
Hamilton, ON L8M 3A9,55 Balsam AVE S
Hamilton, ON L8M 3A9,55 Balsam AVE S
Hamilton, ON L8M 3A9,55 Balsam AVE S
Hamilton, ON L8M 3A9,55 Balsam AVE S
Hamilton, ON L8M 3A9,55 Balsam AVE S
Hamilton, ON L8M 3A9,55 Balsam AVE S
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 1,699,900
Est. payment | /mo

13 Beds

7 Baths

Save Virtual Tour
$ 1,699,900
Est. payment | /mo
Save Virtual Tour

13 Beds

7 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Stipley

MLS Listing ID X12380922

Style 3-Storey

Bedrooms 13

Annual Tax Amount $7,123

Tax Year 2024

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Hamilton

Area Hamilton

Rooms

Family Room Yes

Basement Apartment, Separate Entrance

Kitchen 7

Interior

Interior Features In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater, Water Heater Owned

Cooling Window Unit(s)

Fireplaces Type Other

Fireplace Yes

Heat Source Gas

Exterior

Parking Features Available, Private Double, Front Yard Parking

Garage Spaces 2.0

Pool None

Roof Type Metal

Lot Frontage 63.11

Lot Depth 91.52

Total Parking Spaces 5

Building

Building Age 51-99

Foundation Unknown

Others

ParcelsYN No

Virtual Tour https://black-bear-media.aryeo.com/sites/aamegaa/unbranded

Listed by RED HOUSE REALTY
Mahesh Khatri

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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55 Balsam AVE S