536 CANNON Street E, Hamilton, Ontario, L8L2E9
MLS: 40813527 | House (Freehold)
$724,900
Property Description
An exceptional opportunity in Hamilton’s Gibson/Stipley neighbourhood, just steps to downtown, this tastefully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $4,777.50 per month or an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $975.65* per month OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordability! Fully renovated in 2022, each unit features bright white kitchens with quartz countertops, stainless steel appliances, over-the-range microwaves, dishwashers, and the added convenience of in-suite laundry. Separate hydro meters allow for efficient utility management, enhancing tenant appeal and investor returns. The spacious unit mix includes a two-level 2-bedroom, 2-bathroom suite both levels with family rooms, a well-appointed 2-bedroom unit, and a 1-bedroom suite with a full 4-piece bath. Modernized bathrooms, a fenced backyard, and a fire escape for added safety complete the offering. Positioned steps to Tim Hortons Field, the Wentworth Stairs, public transit, and quick downtown Hamilton access, this turnkey property combines location, functionality, income and affordability in one compelling package. Don’t miss this rare opportunity to own a fully renovated multi-unit property with excellent house-hacking potential. Contact us today to schedule your private viewing or to learn more about what this property can do for you! RSA. (id:64974)
Quick Facts
- Property Type: House (Freehold)
- Bedrooms: 5 (4 above, 1 below)
- Bathrooms: 4
- Living Area: 2,107 sq ft (195.7 m²)
- Above Grade: 1,525 sq ft (141.7 m²)
- Below Grade: 582 sq ft (54.1 m²)
- Ownership: Freehold
- Attached: No
- Frontage: 26 ft (7.9 m)
Costs
- Annual Taxes: $4,792.44
Listing Provided by: RE/MAX Escarpment Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: Finished, Full
- Appliances: Window Coverings
Exterior & Construction
- Exterior: Brick, Vinyl siding
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 26 ft (7.9 m)
- Zoning: D
Community & Neighbourhood
- Community: Community Centre
- Subdivision: 200 - Gibson/Stipley
Room Details (16 rooms)
Listing Information
Listing History
MLS listing activity for 536 CANNON Street E, Hamilton, Ontario, L8L2E9 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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536 CANNON Street E, Hamilton, Ontario, L8L2E9