487 Cannon Street For Sale

Hamilton, Gibson, L8L 2E5

$729,999

Description

Listed by RIGHT AT HOME REALTY.

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!

Fridge x3, Stove x4, Electrical light fixtures.

Location

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  • Address: 487 Cannon Street
  • Neighborhood: Gibson
  • City: Hamilton
  • State: Ontario
  • Postal Code: L8L 2E5

Property Details

  • Property ID: X12018990
  • Property Price: $729,999
  • Style: Duplex, 2 1/2 Storey
  • Rooms: 17+3
  • Bedrooms: 5+1
  • Bath: 4
  • Parking Spaces: 2
  • Basement: Apartment, Finished
  • Central Vac.: N
  • Den: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $3,474.34 (2024)
  • Lot: 95x20 (Feet)

Property History

This property has been sold 4 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100