ONHamiltonHamilton487 Cannon Street
487 Cannon Street
Interior view
Interior view
21
Expired
Duplex

487 Cannon Street

Hamilton, ON, L8L 2E5

Duplex
Area
2000-2500 sq.ft
Bed
6
Bedrooms
Bath
4
Bathrooms
Parking
2
Single Garage
Expired

Property Description

Original Remarks

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!

PROPERTY HISTORY

487 Cannon Street

Type:Duplex
Style:2 1/2 Storey
Size Range:2000-2500
Above grade sq.ft.:-
Below grade sq.ft:-
Total sq.ft:-
Listing ID:X12219524
Community:Gibson
Days on Market:-
Year Built:-
Age range:-
Basement:Apartment, Finished
Ownership Type:Residential Freehold
Condo Fee:N/A
Yearly Taxes:$3,474.34/yr (2024)
Municipality:Hamilton
Lot Size:20.00 x 95.00 Feet

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