$699,999 FOR SALE

Detached 2 1/2 Storey

Bedrooms: 5+1Bathrooms: 4Lot: 20 x 95 ft
2023 Taxes: $3,236.76

487 Cannon St E
Hamilton, ON L8L 2E5 | Gibson

Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time!

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Listed By RIGHT AT HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8233738
Last Updated Apr 30, 2024
Property Summary
Property Type Detached

More like this:
PIN 171950064
Legal Description PT LT 31, PL 158 , PART 1 , 62R6471 ; HAMILTON
Possession Date TBD
Taxes (2023) $3,236.76
Directions/Cross Streets Sanford Ave N/Cannon St E
Neighbourhood Gibson
Area Hamilton
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On N
Link N
Property Features Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
Special Designations Unknown
Bedrooms 5+1
Bathrooms 4
Rooms 17+3
Kitchens 3+1
Lot 20 x 95 ft
Exterior Brick
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Laundry Level Lower
Basement Apartment, Finished
Drive Pvt Double
Garage Spaces 0.0
Garage Type None
Parking Spaces 2
Total Parking Spaces 2.0
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Water Municipal
Seller Property Info Statement N
Bathrooms
Pieces Level
4Bsmt
4Main
42nd
43rd

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