487 Cannon Street

487 Cannon Street
487 Cannon Street
487 Cannon Street
+19
5+1
 bed
4
 bath
2
 parking
-
 sqft
Duplex
$729,999
For Sale
17 days
 on site
$729,999
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Size
-
Lot size
1900 sqft
Street frontage
-
Possession
-
Price per sqft
-
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®#: X12018990
Property details
Parking:
2
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
2 1/2 Storey
MLS Size:
-
Lot front:
20 Ft
Lot depth:
95 Ft
Listed on:
Mar 14, 2025
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Instant estimate:
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$9,955
higher than listed price
i
High
$764,326
Mid
$739,954
Low
$712,207

About 487 Cannon Street

Located at 487 Cannon Street, this Hamilton duplex is available for sale. 487 Cannon Street has an asking price of $729999, and has been on the market since March 2025. This duplex has 5+1 beds and 4 bathrooms.

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, Hot Stone Pizza & Shawarma, 541 Exchange & Eatery and Miss Lyns are near this duplex. Groceries can be found at De Rosa Bakery & Restaurant which is a short distance away and you'll find Cipolla, Joseph DDS only a 4 minute walk as well. If you're an outdoor lover, duplex residents of 487 Cannon St E, Hamilton City are not far from Pinky Lewis Parkette and Powell Park.

If you are looking for transit, don't fear, 487 Cannon St E, Hamilton City has a public transit Bus Stop (CANNON at SANFORD) only steps away. It also has route Cannon close by.