487 Cannon Street

Hamilton, ON L8L 2E5 ( Gibson)

Quick Facts

Type: Duplex

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Taxes: $ 3,474 ( 2024)

Updated: 2025-06-25 10:02:34

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!

Extras

Duplex

Property

Status: For Sale

MLS #: X12219524

Price: $ 729,999

Address: 487 Cannon Street

Type:

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 3,474

Tax Year: 2024

Lot Size:

Neighbourhood: Gibson

Nearest Intersection: Sanford Ave N/Cannon St E

City: Hamilton

Postal Code: L8L 2E5

DOM: 39 Days

Last Update: 2025-06-25 10:02:34

 

Building

Interior

Bedrooms: 6

Bathrooms: 4

Rooms: 0

Kitchens: 4

Family Room:

Fireplace:

Basement: Apartment|Finished,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage:

Garage Spaces:

Parking Spaces: 2.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: None

Water:

Sewers:

 

Features

 

Rooms