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Tony Tompson

 Sales Representative
Century 21 Example Inc., Brokerage Independently owned and operated. 7163 Yonge Street, Suite #206, Thornhill, Ontario L3T 0C6 Cell: 1-866-382-2968Office: 416-548-7854Fax: 416-981-7184

$729,999
Available - For Sale
Listing ID: X12018990
487 Cannon St East , Hamilton, L8L 2E5, Ontario


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 low operating expenses of just $11,066.02. With a net operating income of $41,793/year or $3,482/month investors can achieve positive cash flow a rare find in todays 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!
Price $729,999
Taxes: $3474.34
Assessment Year: 2025
DOM 2
Occupancy by: Tenant
Address: 487 Cannon St East , Hamilton, L8L 2E5, Ontario
Lot Size: 20.00 x 95.00 (Feet)
Directions/Cross Streets: Sanford Ave N/Cannon St E
Rooms: 17
Rooms +: 3
Bedrooms: 5
Bedrooms +: 1
Kitchens: 3
Kitchens +: 1
Family Room: N
Basement: Apartment, Finished
Washroom Type No. of Pieces Level
Washroom Type 1 4 Bsmt
Washroom Type 2 4 2nd
Washroom Type 3 4 Main
Washroom Type 4 4 3rd
Property Type: Duplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 2
Pool: None
Property Features: Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Lower
Sewers: Sewers
Water: Municipal
Schools

5 public & 4 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.

Parks & Rec

3 basketball courts, 3 playgrounds and 9 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 1 min walk away. Rail transit stop less than 2 km away.

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Income Required $ $ $ $

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$1,949.23
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At a Glance:
Type: Freehold - Duplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Gibson
Style: 2 1/2 Storey
Lot Size: 20.00 x 95.00(Feet)
Approximate Age:
Tax: $3,474.34
Maintenance Fee: $0
Beds: 5+1
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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