487 Cannon St E

487 Cannon St E
487 Cannon St E
487 Cannon St E
+17
5+1
 bed
4
 bath
2
 parking
For Sale
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14 days
 on site
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$730,000
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Size
-
Lot size
176.52 sqm
Street frontage
N
Possession
TBD
Price per sqm
-
Taxes
$3,236.76 (2023)
Parking Type
-
Style
2 1/2 Storey
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Description
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!

EXTRAS:
Broker: RIGHT AT HOME REALTY
MLS®#: X8233738
Property details
Parking:
2
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
2 1/2 Storey
MLS Size:
-
Lot front:
6.1 M
Lot depth:
28.96 M
Listed on:
Apr 15, 2024
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22 Huntley Street
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Chris Craddock
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: X8233738
Listed by RIGHT AT HOME REALTY

About 487 Cannon St E

487 Cannon St E is a Hamilton detached house for sale right off Sanford Ave N and Cannon St E. This detached house was listed at $730000 in April 2024 and has 5+1 beds and 4 bathrooms.

There are quite a few restaurants to choose from around 487 Cannon St E, Hamilton City. Some good places to grab a bite are Burger Bus Hamilton and Sub Master. If you love coffee, you're not too far from Emerald Coffee located at 340 Barton Street East. Groceries can be found at Duarte's Supermarket which is only a 5 minute walk and you'll find Rexall a 7-minute walk as well. The Pearl Company and Playhouse are both in close proximity to 487 Cannon St E, Hamilton City and can be a great way to spend some down time. Love being outside? Look no further than Gage Park, East Kiwanis Place or Pier 4 Park, which are only steps away from 487 Cannon St E, Hamilton City.

Getting around the area will require a vehicle, as there are no nearby transit stops.