55 BALSAM AVENUE S, Hamilton, Ontario, L8M 3A9

MLS® # X12380922

Investment For Sale In Stipeley, Hamilton, Ontario

$1,699,900

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55 Balsam Avenue S, Hamilton, ON - Outdoor

55 Balsam Avenue S, Hamilton, ON - Outdoor With Exterior

55 Balsam Avenue S, Hamilton, ON - Outdoor With Facade

main entrance - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

unit 5 - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Living Room

unit 5 family - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Living Room With Fireplace

unit 5 dining - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Dining Room

55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen

55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Bedroom

55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Bathroom

unit 6 entrance - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

unit 6 dining - 55 Balsam Avenue S, Hamilton, ON - Indoor

unit 6 living - 55 Balsam Avenue S, Hamilton, ON - Indoor With Fireplace

unit 6 dining/living - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

unit 6 kitchen - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen

unit 6 kitchen - 55 Balsam Avenue S, Hamilton, ON - Indoor

unit 6 bedroom 1 - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

unit 6 bedroom 2 - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

unit 6 kitchen - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Bathroom

55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

unit 3 main entrance - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Living Room

unit 3 dining - 55 Balsam Avenue S, Hamilton, ON - Indoor

unit 3 living - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Living Room With Fireplace

unit 3 kitchen - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen

unit 4 family - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Living Room

unit 4 family/dining - 55 Balsam Avenue S, Hamilton, ON - Indoor

unit 4 family/ dining - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Office

unit 4 family/dining - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Other Room

bedroom for unit 4 - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Office

2nd bedroom for unit 4 - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Bedroom

unit 1 - 55 Balsam Avenue S, Hamilton, ON - Indoor

unit 1 - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Living Room

unit 1 - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Bedroom

unit 1 kitchen - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Kitchen With Double Sink

unit 7 bachelor - 55 Balsam Avenue S, Hamilton, ON - Indoor

unit 7 bachelor - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Bedroom

unit 7 bachelor bathroom - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Bathroom

separate detached garage - 55 Balsam Avenue S, Hamilton, ON - Outdoor With Exterior

mechanical room - 55 Balsam Avenue S, Hamilton, ON - Indoor Photo Showing Basement

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55 BALSAM AVENUE S, Hamilton, Ontario, L8M 3A9

$1,699,900

Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Air Conditioning: Yes
Amenities: Separate Hydro Meters
Basement Type: N/A, N/A
Exterior Finish: Brick
Fireplace: Yes
Floor Space: 3000 - 3500 sqft
Flooring Type: Hardwood, Tile
Foundation Type: Unknown
Cooling Type: Window air conditioner
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 13
Bathrooms: 7
Features:
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 91.5 Feet
Lot Frontage: 63.1 Feet
Lot Size: 63.1 x 91.5 FT
Utility Type: Sewer - Installed, Hydro - Installed
Zoning: c
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 5

Rooms:

Family Main Level 4.08 m x 3.63 m
Dining Main Level 3.02 m x 5.23 m
Bedroom Main Level 2.61 m x 2.71 m
2nd Bedroom Main Level 2.61 m x 2.79 m
Bathroom Main Level 1.60 m x 1.80 m
Kitchen Main Level 3.38 m x 2.49 m

Convert Measurement to:

Courtesy of: RED HOUSE REALTY

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Market Price Trends

All Properties

0.19%

Price change (1 year)

13.5%

Price change (5 years)

Location of 55 BALSAM AVENUE S, Hamilton, Ontario, L8M 3A9

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 55 BALSAM AVENUE S , experiences 7 hot days per year at around 31.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 35.4 degrees Celsius.

Projected Avg. Temperature

Past

31.8℃

2050

35.4℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 55 BALSAM AVENUE S , experiences 11 significant 2-day storms per year, with about 306.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 380.3mm of precipitation per year.

Precipitation Per Storm

Past

306.8mm

2050

380.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 55 BALSAM AVENUE S, Hamilton, Ontario, L8M 3A9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$91,403.38

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.9 %

High school certificate or equivalent

29.51 %

Apprenticeship trade certificate/diploma

6.01 %

College/non-university certificate

24.76 %

University certificate (below bachelor)

0.89 %

University Degree

18.94 %

Commuter

Travel To Work

By Car

74.46 %

By Public Transit

13.23 %

By Walking

7.41 %

By Bicycle

0.01 %

By Other Methods

4.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.24 %

Houses

59.76 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Rooms:

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Market Price Trends

All Properties

Location of 55 BALSAM AVENUE S, Hamilton, Ontario, L8M 3A9

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 55 BALSAM AVENUE S, Hamilton, Ontario, L8M 3A9

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

55 BALSAM AVENUE S, Hamilton, Ontario, L8M 3A9

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing