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487 Cannon Street



+19
5+1
bed4
bath2
parking-
sqftDuplex
$729,999
For Sale
83 days
on site$729,999

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Size
-
Lot size
1900 sqft
Street frontage
-
Possession
Immediate
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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$14,975
higher than listed pricei
High
$769,512
Mid
$744,974
Low
$717,039
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About 487 Cannon Street
Located at 487 Cannon Street, this Hamilton duplex is available for sale. It was listed at $729999 in March 2025 and has 5+1 beds and 4 bathrooms.
There are a lot of great restaurants around 487 Cannon St E, Hamilton City. If you can't start your day without caffeine fear not, your nearby choices include Tim Hortons. Groceries can be found at De Rosa Bakery & Restaurant which is nearby and you'll find Cipolla, Joseph DDS a 4-minute walk as well. 487 Cannon St E, Hamilton City is not far from great parks like Pinky Lewis Parkette and Powell Park.
Transit riders take note, 487 Cannon St E, Hamilton City is only steps away to the closest public transit Bus Stop (CANNON at SANFORD) with route Cannon.
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