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
$925,000
Available - For Sale
Listing ID: X9419956
378-382 Cannon St East , Hamilton, L8L 2C4, Ontario
| Both 378 and 382 Cannon are being sold together, offering the unique advantage of acquiring two properties for the price of one, as they are currently merged and operating as two duplexes. This investment opportunity provides robust cash flow and has the potential for significant profit. Currently generating a net income of $73,862.91 after expenses, the properties cash flow almost $20,000 a year at a 5.5% interest rate. 378 Cannon features a 3-bedroom unit renting for $1,942/month (inclusive of heat & hydro) and a bachelor unit for $948/month (also inclusive). Meanwhile, 382 Cannon includes a 3-bedroom unit at $2,250/month (plus heat & hydro) and a 2-bedroom unit for $2,000/month (plus heat & hydro). Renovated in 2019, these properties minimize immediate maintenance costs. If severed and sold as two individual properties, there is significant potential to increase their value, making this a compelling investment opportunity. Buyers to verify all expenses, incomes, and zoning verifications. |
| Price | $925,000 |
| Taxes: | $3590.00 |
| Address: | 378-382 Cannon St East , Hamilton, L8L 2C4, Ontario |
| Lot Size: | 51.50 x 130.00 (Feet) |
| Directions/Cross Streets: | Tisdale St |
| Rooms: | 16 |
| Bedrooms: | 8 |
| Bedrooms +: | |
| Kitchens: | 4 |
| Family Room: | N |
| Basement: | Part Fin |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Pvt Double |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Property Features: | Hospital, Park, Place Of Worship, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Sewers: | Sewers |
| Water: | Municipal |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS REAL ESTATE ASSOCIATES |
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Dir:
1-866-382-2968
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Landsdale |
| Style: | 2-Storey |
| Lot Size: | 51.50 x 130.00(Feet) |
| Tax: | $3,590 |
| Beds: | 8 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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