55 BALSAM AVENUE SOUTH
Toronto · L8M3A9
$1,699,900
About this residence
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:61366)
Property details
- Property type
- Multi-family
- Style
- Other
- Bedrooms
- 13 (13 above)
- Bathrooms
- 7
- Storeys
- 3
- Living area
- 3,000–3,500 sq ft
- Lot size
- 63.1 x 91.5 FT
- Frontage
- 63.1 feet
- Parking
- 5 spaces
- Fireplace
- 6
- Annual tax
- $7,123
- MLS®
- X12380922
- Board
- Toronto
- Status
- Inactive
- Listed
- Sep 4, 2025
- Updated
- Oct 23, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Family room | Main level | 4.08 × 3.63 m |
| Dining room | Main level | 3.02 × 5.23 m |
| Bedroom | Main level | 2.61 × 2.71 m |
| Bedroom 2 | Main level | 2.61 × 2.79 m |
| Bathroom | Main level | 1.6 × 1.8 m |
| Kitchen | Main level | 3.38 × 2.49 m |
Features & finishes
Appliances
- Refrigerator
- Stove
- Water Heater
Flooring
- Hardwood
- Tile
Cooling
- Window air conditioner
Basement
- Separate entrance
- Apartment in basement
Exterior
- Brick
Parking
- Garage
- Detached Garage
Lot
- In-Law Suite
Sewer & Utilities
- Sanitary sewer
- Electricity
- Sewer
Financing
Estimated monthly payment
$7,950/mo
Loan amount
$1,359,920
Down payment
$339,980
Estimate only. Rates and terms vary by lender and qualification.
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Toronto
Frequently asked questions
What is the asking price for 55 BALSAM AVENUE SOUTH?
55 BALSAM AVENUE SOUTH is listed for $1,699,900, in Toronto.
How many bedrooms and bathrooms does 55 BALSAM AVENUE SOUTH have?
It offers 13 bedrooms and 7 bathrooms.
What type of home is 55 BALSAM AVENUE SOUTH?
55 BALSAM AVENUE SOUTH is a Multi-family, Other set over 3 storeys.
How large is 55 BALSAM AVENUE SOUTH?
The home offers approximately 3,000–3,500 sq ft of living space on a lot measuring 63.1 x 91.5 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $7,950. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $7,123 per year.
Is there parking?
Yes — 55 BALSAM AVENUE SOUTH includes 5 parking spaces.
Private viewings
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