Front of 487 Cannon Street E
487 Cannon Street EHamilton (Gibson)
Expired
1/22
Ontario Real Estate › Hamilton › Gibson
Front of 487 Cannon Street E
487 Cannon Street EHamilton (Gibson)
Expired
See all 22 photos
MultiplexMLS X12018990
Last asked:Expired Jun 11, 2025
$729,999
5+1 Bedrooms
4 Bathrooms
2 Parking
20 x 95 ft Lot
$3,474 Tax/yr

Property history

$729,999first asked
$699,999last asked
▼ 4%since March
MarJunSepNov
ExpiredNov 30, 2025
$699,999MLS® X12219524
Listed for saleJun 13, 2025
$699,999MLS® X12219524
ExpiredJun 11, 2025
$729,999MLS® X12018990
Listed for saleMar 14, 2025
$729,999MLS® X12018990

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About this home

487 Cannon Street E, Hamilton

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!

HospitalParkPublic TransitPlace Of WorshipRec./Commun.CentreSchool

Facts & features

TypeMultiplex
Style2 1/2 storey
Lot20 x 95 ft
Tax$3,474 (2024)
HeatingForced air, gas
BasementApartment, finished
Parking2 drive
WaterMunicipal

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Rooms

0 rooms · 4 bathrooms
Bathrooms4
4-pcMain4-pcSecond4-pcThird4-pcBasement
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Around this home

Sanford Ave N/Cannon St E
10Walking

Schools nearby

School rating, out of 10.

Cathy Weverelementary · Public · 0.2 km
2.8/10
Cathedralsecondary · Private · 0.4 km
4.6/10
St Ann'selementary · Private · 0.8 km
4.5/10

Listing details

MLS® numberX12018990
Listed onMar 14, 2025
Days on market89
UpdatedJun 11, 2025
Listing brokerageRIGHT AT HOME REALTY
PossessionImmediate

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