CAONHamilton (Gibson)518 Cannon Street E
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518 Cannon Street E, Hamilton (Gibson), ON

House

For Sale

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533

MLS® X13156508

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage Yes
Taxes $2,763
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13156508

Property Address: 518 Cannon Street E, Hamilton (Gibson), ON, L8L2E8

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton's vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51, 576 in annual gross income with a projected NOI of roughly $41, 688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton's evolving communities. (id:58753)Show Description
MLS® NumberX13156508
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementFull
DrivewayNo Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Home Appraisal

This property is estimated to sell between: $590,000 and $604,000.
Similar properties in this area sold on average for: $590,705
Expected to sell in 35 days. Similar properties sold in 35 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
518 Cannon Street E, Hamilton (Gibson), ON

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