487 Cannon Street

Hamilton City

487 Cannon Street
487 Cannon Street
487 Cannon Street
+17
3
 bed
4
 bath
2
 parking
2050
 sqft
Detached
* This unit size is calculated from property.ca data
$729,999
Instant Estimate Not Available
For Sale
21 days
 on site
$729,999
Instant Estimate Not Available
* This unit size is calculated from property.ca data
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Size
2050 sqft
Lot size
1900 sqft
Street frontage
-
Possession
-
Price per sqft
$356
Taxes
$3,474.34 (2023)
Parking Type
-
Style
2.5 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.
Broker: Right at Home Realty Brokerage
MLS®#: 40708568
Property details
Parking:
2
Parking type:
-
Property type:
Detached
Heating type:
Forced Air
Style:
2.5 Storey
MLS Size:
2050 sqft
Lot front:
20 Ft
Lot depth:
95 Ft
Listed on:
Mar 14, 2025
Show all details
Rooms
LevelNameSizeFeatures
Basement
Kitchen
3.81 x 1.50 ft
Main
Bedroom
3.71 x 3.10 ft
Main
Kitchen
3.99 x 3.10 ft
Instant estimate:
Not Available

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About 487 Cannon Street

487 Cannon Street is a Hamilton detached house for sale. It was listed at $729999 in March 2025 and has 3 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 a short distance away and you'll find Cipolla, Joseph DDS only a 4 minute walk as well. For nearby green space, Pinky Lewis Parkette and Powell Park could be good to get out of your detached house and catch some fresh air or to take your dog for a walk.

For those residents of 487 Cannon St E, Hamilton City without a car, you can get around rather easily. The closest transit stop is a Bus Stop (CANNON at SANFORD) and is only steps away connecting you to Hamilton City's public transit service. It also has route Cannon nearby.

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