487 Cannon Street E

Hamilton City

487 Cannon Street E
487 Cannon Street E
487 Cannon Street E
+19
5
 bed
0
 bath
2
 parking
2050
 sqft *
* This unit size is calculated from property.ca data
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$699,999
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* This unit size is calculated from property.ca data
Size
2050 sqft
Lot size
176.52 sqm
Street frontage
N
Possession
-
Price per sqm
$3,684
Taxes
-
Parking Type
None
Style
2 1/2 Storey
See what's nearby
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!
Broker: Right At Home Realty
MLS®#: H4190995
Property details
Parking:
2
Parking type:
None
Property type:
Detached
Heating type:
Forced Air
Style:
2 1/2 Storey
MLS Size:
190 sqm
Lot front:
6.1 M
Lot depth:
28.96 M
Listed on:
Apr 15, 2024
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Chris Craddock
Sales Representative
Property.ca Inc., Brokerage
647-931-3711
© Property.ca Inc., Brokerage
MLS#: H4190995
Listed by Right At Home Realty

About 487 Cannon Street E

487 Cannon Street E is a Hamilton detached house for sale, near Sanford Avenue N. It has been listed at $699999 since April 2024. This detached house has 5 beds and is 2050 sqft.

Want to dine out? There are plenty of good restaurant choices not too far from 487 Cannon St E, Hamilton City, like Giuseppe's Italian Cuisine & Pizza, Apllada Greek Fusion Restaurant and Conversate Steak & Seafood, just to name a few. Grab your morning coffee at Emerald Coffee located at 340 Barton Street East. Groceries can be found at Duarte's Supermarket which is a 5-minute walk and you'll find Rexall only 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.