487 Cannon Street E Hamilton, Ontario L8L 2E5
$729,999
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! (id:61852)
Property Details
| MLS® Number | X12018990 |
| Property Type | Multi-family |
| Neigbourhood | Gibson |
| Community Name | Gibson |
| AmenitiesNearBy | Hospital, Park, Public Transit, Place Of Worship, Schools |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater - Gas |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater - Gas |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 6 |
| Appliances | Stove, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a (finished) |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Public Transit, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 95 Ft |
| SizeFrontage | 20 Ft |
| SizeIrregular | 20 X 95 Ft |
| SizeTotalText | 20 X 95 Ft |
https://www.realtor.ca/real-estate/28024147/487-cannon-street-e-hamilton-gibson-gibson
Interested?
Contact us for more information
Robert Atkins
Salesperson
480 Eglinton Ave West #30, 106498
Mississauga, Ontario L5R 0G2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 25 2025 03:12:58
Toronto Real Estate Board
Right At Home Realty
