536 CANNON Street E, Hamilton, Ontario, L8L2E9

Property Description

An exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential (estimated at $975.65* net per month with 20% down) and stable, reliable income from day one currently grossing $4,777.50 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 affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! RSA. (id:64974)

Quick Facts

• Property Type: Duplex (Freehold)
• Bedrooms: 5
• 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: Yes
• 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®.