Chris Cipriani
50
55 BALSAM AVENUE S
$1,699,900 Sale
Listed 20 hours ago
· 13
· 7.0
· 5
· 3000 - 3500
Key Facts
Key facts for 55 BALSAM AVENUE S
Property Type
Other, Other
Parking
Garage: Yes, 5 parking
MLS #
X12380922
Size
3000 - 3500 sqft
Basement
N/A
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
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 a...ttract 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:10452)
Similar Properties (No results)
Room Types
Bathroom
-
Dimensions 1.6 m x 1.8 m
31 sqft
Bedroom
-
Dimensions 2.61 m x 2.71 m
76.13 sqft
Bedroom 2
-
Dimensions 2.61 m x 2.79 m
78.38 sqft
Listing courtesy of: RED HOUSE REALTY
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