487 Cannon St E, Hamilton, Ontario

Multi-Family for Sale in Hamilton

487 Cannon St E, Hamilton, ON

  • CA$699,999
  • 5+1 BEDS
  • 4 BATHS
  • 1,900 sq.ft. Land
  • CA$699,999

Multi-Family for Sale in Hamilton

487 Cannon St E, Hamilton, ON

  • CA$699,999
  • 5+1 BEDS
  • 4 BATHS
  • 1,900 sq.ft. Land
  • CA$699,999

Key Facts

  • MLS® #: X12219524
  • Property ID: SIRC2959061
  • Property Type: Residential, Duplex
  • Lot Size: 1,900 sq.ft.
  • Bedrooms: 5+1
  • Bathrooms: 4
  • Additional Rooms: Den
  • Parking Spaces: 2
  • Listed By:
  • RIGHT AT HOME REALTY

Property Description

Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime!

Listing Agents

RIGHT AT HOME REALTY

Request More Information

*Showing requires confirmation from agent.

Request More Information

*Showing requires confirmation from agent.

Location

487 Cannon St E, Hamilton, Ontario, L8L 2E5 Canada

Around this property

Information about the area within a 5-minute walk of this property.

Request Neighbourhood Information

Learn more about the neighbourhood and amenities around this home

Request Now

Payment Calculator

mo.* estimated monthly payment based on:
  • $
  • %$
  • %
  • Principal and Interest 0
  • Property Taxes 0
  • Strata / Condo Fees 0
* This payment calculator’s purpose is to provide a rough estimate for planning and educational purposes only. It should not be used as your sole source of information for financial planning purposes. This tool does not offer a loan nor does it solicit your information, it is also not financial or legal advice. Please contact a qualified professional for your financial advice. No responsibility or liability whatsoever can be accepted by Sotheby’s International Realty Canada or Sotheby’s International Realty Affiliates for any loss or damage resultant from any use of, reliance on or reference to the contents of this payment calculator.

Similar PropertiesSee All Similar Properties

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.
Home/Ontario/Hamilton/MLS® X12219524