487 Cannon St E

Hamilton, ON L8L 2E5 (Gibson)

Quick Facts

Type: Duplex

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Taxes: $3,474 (2024)

Updated: 2025-03-14 09:45:48

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 low operating expenses of just $11,066.02. With a net operating income of $41,793/year or $3,482/month investors can achieve positive cash flow a rare find in todays 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 inco

Extras

Property

Status: Sale

MLS #: X12018990

Price: $729,999

Address: 487 Cannon St E

Type: Duplex

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Front On: N

Taxes: $3,474

Tax Year: 2024

Lot Size: 20 x 95 Feet

Neighbourhood: Gibson

Nearest Intersection: Sanford Ave N/Cannon St E

City: Hamilton

Postal Code: L8L 2E5

DOM: 36 Days

Last Update: 2025-03-14 09:45:48

 

Building

Interior

Bedrooms: 6

Bathrooms: 4

Rooms: 17

Kitchens: 4

Family Room: N

Fireplace: N

Basement: Apartment, Finished

Central Vacuum: N

 

Exterior

Exterior: Brick,

Driveway:

Garage: None

Garage Spaces: 0

Parking Spaces: 2

Pool: None

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: None

Water: Municipal

Sewers: Sewers

 

Features

Hospital

Park

Place Of Worship

Public Transit

Rec Centre

School

 

Rooms