487 Cannon Street E

487 Cannon Street E
487 Cannon Street E
487 Cannon Street E
+18
5+1
 bed
4
 bath
2
 parking
2000 - 2500
 sqft
Duplex
$699,999
For Sale
129 days
 on site
$699,999
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Size
-
Lot size
1900 sqft
Street frontage
-
Possession
Immediate
Price per sqft
$280 - $350
Taxes
$3,474.34 (2024)
Parking Type
-
Style
2 1/2 Storey
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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!
Broker: RIGHT AT HOME REALTY
MLS®#: X12219524
Property details
Parking:
2
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
2 1/2 Storey
MLS Size:
2000-2500 sqft
Lot front:
20 Ft
Lot depth:
95 Ft
Listed on:
Jun 13, 2025
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Instant estimate:
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$12,701
lower than listed price
i
High
$709,936
Mid
$687,298
Low
$661,526
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About 487 Cannon Street E

487 Cannon Street E is a Hamilton duplex for sale. It has been listed at $699999 since June 2025. This duplex has 5+1 beds, 4 bathrooms and is 2000-2500 sqft.

487 Cannon St E, Hamilton City is only steps away from Tim Hortons for that morning caffeine fix and if you're not in the mood to cook, 541 Exchange & Eatery, Miss Lyns and Giuseppe's Italian Cuisine are near this duplex. Groceries can be found at De Rosa Bakery & Restaurant which is a short walk and you'll find Dr Ruta Stanaitis a 5-minute walk as well. Love being outside? Look no further than Pinky Lewis Parkette and Powell Park, which are both only steps away.

Living in this duplex is easy. There is also CANNON at SANFORD Bus Stop, only steps away, with route Cannon nearby.