487 Cannon Street E – Hamilton, Ontario
For Sale — $699,999
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!
Details
2 1/2 Storey — Brick
20x95 Feet
X8233738
Property
487 Cannon Street EHamilton, Ontario, Canada
2 1/2 Storey
Brick
20x95 Feet
X8233738
Listing provided by
Right At Home Realty, Brokerage
April 15, 2024
April 15, 2024
Financial
For Sale$699,999
$3,237 (2023)
Utilities
NoGas
Forced Air
Municipal
Sewers
Rooms
5+14
17+3
Apartment, Finished
Parking
2.0Pvt Double
None
✓ Elementary Schools
✓ Secondary Schools
✓ Day Care
✓ Hospitals
✓ Doctors
✓ Dentists
✓ Veterinarians
✓ Pharmacies
✓ Cinemas
✓ Restaurants
✓ Grocery Stores
✓ Liquor, Beer & Wine
✓ Fitness
✓ Pools
✓ Tennis Courts
✓ Ice Rinks
✓ Salon / Spa
✓ Banks
✓ Dry Cleaners
✓ Car Wash
✓ Attractions
✓ Places of Worship
✓ Medical Clinics
✓ Recreation Centres
✓ Secondary Schools
✓ Day Care
✓ Hospitals
✓ Doctors
✓ Dentists
✓ Veterinarians
✓ Pharmacies
✓ Cinemas
✓ Restaurants
✓ Grocery Stores
✓ Liquor, Beer & Wine
✓ Fitness
✓ Pools
✓ Tennis Courts
✓ Ice Rinks
✓ Salon / Spa
✓ Banks
✓ Dry Cleaners
✓ Car Wash
✓ Attractions
✓ Places of Worship
✓ Medical Clinics
✓ Recreation Centres
Rooms
5+1
4
17+3
| Floor | Rooms | Dimensions | Description |
|---|---|---|---|
| Bsmt | Bathroom | — | 1x4-piece |
| Main | Bathroom | — | 1x4-piece |
| 2nd | Bathroom | — | 1x4-piece |
| 3rd | Bathroom | — | 1x4-piece |
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The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
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