40
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$724,900
Est. payment /mo
5 Beds
4 Baths
New
536 Cannon ST E Hamilton, ON L8L 2E9
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Gibson
MLS Listing ID X13016214
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $4,792
Tax Year 2026
Property Sub-Type Detached
Property Description
An exceptional opportunity in Hamilton's Gibson/Stipley neighbourhood, just steps to downtown, this tastefully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $4,777.50 per month or an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $975.65* per month OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordability! Fully renovated in 2022, each unit features bright white kitchens with quartz countertops, stainless steel appliances, over-the-range microwaves, dishwashers, and the added convenience of in-suite laundry. Separate hydro meters allow for efficient utility management, enhancing tenant appeal and investor returns. The spacious unit mix includes a two-level 2-bedroom, 2-bathroom suite both levels with family rooms, a well-appointed 2-bedroom unit, and a 1-bedroom suite with a full 4-piece bath. Modernized bathrooms, a fenced backyard, and a fire escape for added safety complete the offering. Positioned steps to Tim Hortons Field, the Wentworth Stairs, public transit, and quick downtown Hamilton access, this turnkey property combines location, functionality, income and affordability in one compelling package. RSA.
Location
State ON
County Hamilton
Area Hamilton
Rooms
Family Room Yes
Basement Finished, Full, Separate Entrance
Kitchen 3
Interior
Interior Features Carpet Free, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Street Only
Pool None
Roof Type Asphalt Rolled
Lot Frontage 25.5
Lot Depth 80.0
Building
Unit Features Fenced Yard,Library,Park,Place Of Worship,Public Transit,School
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX ESCARPMENT REALTY INC.
NEARBY SCHOOL & BUSINESS
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