Reid Greiner
55 Balsam Avenue S
Hamilton
L8M 3A9
$1,549,990
Residential Freehold
beds: 13
baths: 7.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12774266
- Bedrooms:
- 13
- Bathrooms:
- 7
- Photos (50)
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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.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 3-Storey
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 3000-3500
- Lot Depth:
- 91'6¼"
- Lot Frontage:
- 63'1"
- Lot Shape:
- Rectangular
- Direction Faces:
- South
- Bedrooms:
- 13
- Bathrooms:
- 7.0
- Water supply:
- Municipal
- Kitchens:
- 7
- Bedrooms Above Grade:
- 13
- Kitchens Above Grade:
- 7
- Rooms Above Grade:
- 31
- Zoning:
- c
- Heating type:
- Water
- Heating Fuel:
- Gas
- Fireplaces:
- 6
- Foundation:
- Unknown
- Roof:
- Metal
- Basement:
- Apartment, Separate Entrance
- Fireplace Features:
- Other
- Fireplace/Stove:
- Yes
- Garage:
- Detached
- Garage Spaces:
- 2.0
- Parking Features:
- Available, Private Double, Front Yard Parking
- Parking Spaces:
- 3
- Total Parking Spaces:
- 5.0
- Family Room:
- Yes
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $7,123.48 / 2025
- Assessment:
- $- / -
- Hamilton
- Hamilton
- Stipley
- In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater, Water Heater Owned
- Brick
- Floor
- Type
- Size
- Other
- Main
- Family Room
- 13'5" × 11'11"
- Large Window, Hardwood Floor, Closed Fireplace
- Main
- Dining Room
- 17'2" × 9'11"
- Hardwood Floor, Wood Trim, Open Concept
- Main
- Bedroom
- 8'11" × 8'6¾"
- Hardwood Floor, Large Closet, Large Window
- Main
- Bedroom 2
- 9'2" × 8'6¾"
- Hardwood Floor, Large Closet, Large Window
- Main
- Kitchen
- 11'1" × 8'2"
- Stainless Steel Appl, Stainless Steel Sink, W/O To Balcony
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- -
- 5'3" x 5'11" Tile Floor, Ceramic Sink, Soaking Tub
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Available
- Sewers:
- Yes
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Window Unit(s)
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Photo 1 of 50 -
Front Access
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Photo 3 of 50
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Emergency exit/ Tenant Balcony
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Photo 5 of 50
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Photo 6 of 50
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Tenant Balcony
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Main Entrance
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unit 5 entrance
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unit 5 living
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unit 5 dining
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unit 5 dining
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unit 5 bedroom
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unit 5 kitchen
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Photo 15 of 50
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unit 6 entrance
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unit 6 dining
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Photo 18 of 50
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unit 6 living room
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unit 6 bedroom 1
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unit 6 bedroom 2
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unit 6 kitchen
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Photo 23 of 50
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Photo 24 of 50
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unit 3 entrance
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unit 3 dining
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unit 3 living
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Photo 28 of 50
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unit 3 kitchen
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unit 4 living room
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unit 4 living
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unit 4 dining
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unit 4 dining
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unit 4 bedroom 1
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unit 4 bedroom 2
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unit 1 entrance
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unit 1 living
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Photo 38 of 50
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unit 1 bedroom 1
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unit 1 bedroom 2
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unit 1 bedroom
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unit 1 kitchen
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unit 7 bachlor
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unit 7 bachlor
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unit 7 bachlor
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unit 7 bathroom
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Separate Detached Garage
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Garbage Area
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Backyard patio
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Mechanical Room
Listed by RED HOUSE REALTY
Data was last updated February 10, 2026 at 01:15 PM (UTC)
Area Statistics
- Listings on market:
- 19
- Avg list price:
- $1,599,000
- Min list price:
- $599,900
- Max list price:
- $6,795,000
- Avg days on market:
- 70
- Min days on market:
- 0
- Max days on market:
- 221
These statistics are generated based on the current listing's property type
and located in
Hamilton. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Reid Greiner
- Royal LePage Signature Realty
- 416 888-7343
- reid@royallepage.ca
Reid Greiner The Kilted Realtor
My Office is Located at:
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201 - 30 Eglinton Ave. West Mississauga ON L5R3E7
905 568-2121
Give Me A Call