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Last Updated : 45 Days ago
487 Cannon Street E, Hamilton, ON, Gibson
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487 Cannon Street E, Hamilton MLS Number: X12018990

Gibson, Hamilton, ON, L8L 2E5

$729,999

Status: For Sale

  • 5+1 Beds
  • 4 Baths
  • Property Type: Residential Freehold (Duplex)
  • Property Taxes : $3474.34 (Tax Year:2024)
  • Listing Courtesy : Right At Home Realty

487 Cannon Street E Property 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. Offers welcome anytime!

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487 Cannon Street E Property Facts

Property Type :Residential Freehold
MLS Number :X12018990
Listing Type :Sale
Possession Date :
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Last Updated :25 Mar, 2025 (45 Days ago)
Source :Toronto Regional Real Estate Board
Area :Hamilton
Postal Code : L8L 2E5
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487 Cannon Street E Property Price & Tax Insights

Price : $729,999
Property Taxes :$3474.34
Tax Year :2024

487 Cannon Street E, Hamilton Property Details

Bedrooms :5 + 1
No. of Rooms :17
Heating :Forced Air
Place of Worship :Yes
Cross Street :Sanford Ave N/Cannon St E
Bathrooms :4
Fuel :Gas
Fireplace/Stove :Yes

Exterior Information

Exterior Finish :Brick
Parking Space :2
Basement :Apartment
Laundry Level :Lower Level
Park :Park

487 Cannon Street E, Hamilton - Price History

2025-03

14 Mar, 2025

TREB #X12018990

Listed

$729,999

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  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • $3,699
  • $1,331,567
  • $601,568

487 Cannon Street E - Location Map and Landmarks

  • Hamilton General, Hamilton 1.05 km
  • St. Peter's, Hamilton 1.4 km
  • Juravinski  and Cancer Centre, Hamilton 1.71 km
  • St. Joseph's Healthcare Hamilton - Charlton campus, Hamilton 2.19 km
  • McMaster University Medical Centre, Hamilton 2.31 km
  • St. Joseph's Healthcare Hamilton - West 5th campus, Hamilton 3.56 km
  • McMaster Children's, Hamilton 5.87 km
  • Joseph Brant, Halton 7.68 km
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FAQs: 487 Cannon Street E, Hamilton

  • Q: Does this Project 487 Cannon Street E available for Sale ?

    A: The project 487 Cannon Street E is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 487 Cannon Street E is Offering?

    A:Square Yards is giving a Cashback of $3,650 if you buy this property from us, however there are several key features offered by the 487 Cannon Street E. You get 5+1 Beds with 4 Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Parking Space available in this 487 Cannon Street E?

    A: 487 Cannon Street E in Hamilton offers a total of 2 parking spaces for residents.
  • Q:How many Beds & Baths available in 487 Cannon Street E, Hamilton?

    A: 487 Cannon Street E, Hamilton comes with 5+1 Beds for maximum convenience and space. There are 4 baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Hamilton, On?

    A:Hamilton, ON is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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