For Sale63d on market
55 Balsam Ave S
Hamilton, ON, L8M3A9 • Stipley • Hamilton Division
$1,549,990
Down payment assistance available
13Beds
7Baths
0.13 acLot
Property DNA
Garage
Available · Private Double · Front Yard Parking
Market activity
Demand and pricing signals for this listing
28 views
People checking out this listing
5 saves
Buyers have saved this home
63 days on market
Established listing
About this home
Multi Family
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.
Estimated monthly payment
Based on current rates
$10,109/month
Principal & Interest$8,043
Property Tax$1,550
Insurance$517
Down payment20% ($309,998)
3%50%
Est. 6.75% rate · 30yr fixed · $1,239,992 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
HeatingWater, Gas
CoolingWindow Unit(s)
Parking5 Garage spaces
Days on Zillow63 Days
Property
Home typeMulti Family
Sub-typeMulti Family
Stories3
Systems
HeatingWater, Gas
CoolingWindow Unit(s)
RoofMetal
ConstructionBrick
Water / SewerSewer
Parking & Outdoor
ParkingAvailable, Private Double, Front Yard Parking
BasementApartment,Separate Entrance
Lot5,775 sqft
Location & Tax
NeighborhoodStipley
Annual tax$7,123
Features & details
9 categories of property features
Interior Features
Interior
In-Law Capability
In-Law Suite
Primary Bedroom - Main Floor
Separate Hydro Meter
Appliances
Water Heater
Water Heater Owned
Heating
Water
Gas
Cooling
Window Unit(s)
Fireplace
Other
Exterior Features
Parking
Available
Private Double
Front Yard Parking
Construction
Brick
Lot Features
Rectangular Lot
Pool Features
None
Room details
6 rooms detailed
Bedroom
Main2.61×2.71 ft
Bedroom2
Main2.61×2.79 ft
Bathroom
Main1.6×1.8 ft
Dining Room
Main3.02×5.23 ft
Family Room
Main4.08×3.63 ft
Kitchen
Main3.38×2.49 ft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market63
Est. rent$1,539/mo
On marketFeb 10, 2026
PostedFeb 10, 2026
MLS updatedMar 6, 2026
Tour days6
Views28
Favorites5
Location
Hamilton, ON, L8M3A9
Nearby homes
Neighborhood details
Local context around this listing
Hamilton, ON • Hamilton Division
Nearby neighborhoods
AlbertonClearviewColborneCramerDuff's CornerLyndenMordenSkunk's MiserySobelTrinity
Nearby cities
Hamilton
Nearby zip codes
L0RL8EL8HL8KL8LL8WL9AL9CL9HN1R
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