Jaber Zreik

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55 BALSAM AVENUE S, Hamilton, Ontario

$1,699,900

13 Beds
7 Baths

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:23309)

Listing ID: X12380922
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Family room	Main level	4.08 m x 3.63 m
Dining room	Main level	3.02 m x 5.23 m
Bedroom	Main level	2.61 m x 2.71 m
Bedroom 2	Main level	2.61 m x 2.79 m
Bathroom	Main level	1.6 m x 1.8 m
Kitchen	Main level	3.38 m x 2.49 m

Details

Equipment: None
Features: In-Law Suite
Parking Spaces: 5
Rental Equipment: None
Transaction: For sale
Zoning Description: c

Building

Amenities: Fireplace(s), Separate Electricity Meters
Appliances: Water Heater, Stove, Refrigerator
BasementType: N/A
Basement Features: Apartment in basement, Separate entrance
Bedrooms Main Level: 13
Cooling: Window air conditioner
Exterior Finish: Brick
Fireplace Present: True
Fireplace Total: 6
Flooring: Hardwood, Tile
Foundation: Unknown
Bathrooms (Total): 7
Heating: Hot water radiator heat
Heating Fuel: Natural gas
Size Interior: 3000 - 3500 sqft
Stories Total: 3
Type: Other
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 63 ft ,1 in
Size Irregular: 63.1 x 91.5 FT

Listing provided by RED HOUSE REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 55 BALSAM AVENUE S in Hamilton Ontario. It was last modified on September 4th, 2025. Contact Jaber Zreik to schedule a viewing or to discover other Hamilton real estate for sale.

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