563 Cannon Street E
Hamilton (Gibson), ON L8L 2G2
- 3+2Bedrooms
- 3Bathrooms
- 2Parking
- 1100–1500Sq Ft
- $2,940Tax
- 24×100 ftLot Size
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About 563 Cannon Street E, Hamilton, Gibson
Summarized Description
- Property configured as a duplex with two units.
- Each unit has separate kitchens and utilities.
- Upper unit in clean condition with functional layout.
- Lower unit requires cleaning and renovation.
- Previous rents indicate strong income potential.
- Access may be limited due to current tenancy.
- Sold strictly in 'as is' condition.
Attention investors, contractors, and renovators. Opportunity to acquire a property at 563Cannon St E in the Gibson area of Hamilton currently configured as a duplex with two self contained units. Each unit offers 2 bedrooms, separate kitchens, individual hydro meters, separate breaker panels, and two furnaces servicing the property.Unit 1: Main Floor and 2nd Floor. 2 Bedrooms 1 Bathroom 1 Kitchen Unit 2: Main Floor and Lower. 1 Bedroom Above Grade, 1 bedroom Below, a large Den, 2 Kitchens(1 Above Grade, 1 Below Grade)The upper unit is in relatively clean condition with a bright and functional layout. The lower unit spans part of the main floor and basement and requires cleaning Previous rents were $1,470/month (upper) and $870/month (lower), offering strong upside potential for those looking to renovate and reposition the asset. Property is tenanted and access may be limited due to tenancy and site conditions. Property is being sold strictly in "as is, where is" condition. Seller makes no representations or warranties with respect to the property, its condition, retrofit status, or legality of use. Buyers to conduct their own due diligence.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $2,940
- Land Transfer Tax Fee
- $3,725
Rental Items
- Rental Equipment
- Water Heater Rental - Approx $50/mo
- Basement Type
- Separate Entrance
Interior Features
- Interior Extras
- Separate Heating Controls, Separate Hydro Meter
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2 1/2 Storey
- Approx Age
- 100+
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Other
Lot
- Lot Front
- 24.00 ft
- Lot Depth
- 100.00 ft
Inclusions
- Inclusions
- All Appliances, All Electronic Light Fixturesand Window Coverings
Exclusions
- Exclusions
- Tenant's belongings, AC Units
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 2
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Window Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 2
- Washrooms
- 3
- Kitchens
- 3
Room sizes
- Kitchen—Main level
- Bedroom—Basement level
- Bathroom—Second level
- Bathroom—Main level
- Kitchen—Main level
- Living Room—Main level
- Bathroom—Basement level
- Dining Room—Main level
- Bedroom—Main level
- Bedroom—Second level
- Living Room—Main level
- Living Room—Basement level
- Kitchen—Basement level
- Den—Main level
- Bedroom—Second level
Washrooms
- 3-piece, Lower
- 3-piece, Upper
- Municipality
- Hamilton
- Neighbourhood
- Gibson
- Main cross streets
- Cannon St E & Gibson Ave
- Zoning
- D
- Directions
- Cannon St E & Gibson Ave
- MLS® number
- X13606052
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-08-07
- Listed on
- 2026-07-25
- Days on market
- 13 days
- Possession date
- 2026-07-25
- Possession type
- Flexible
- Co-op commission
- 2% plus HST
- Seller
- Listed by
- THE CANADIAN HOME REALTY INC.
Home Market Value
Current home valuation for 563 Cannon Street E, Hamilton, Gibson, Hamilton, ON. Listed for $350,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 563 Cannon Street E, Hamilton, Gibson
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$17,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $13,300 | $9,765 | $8,330 | $0 |
=Total mortgage | $345,800 | $324,765 | $305,830 | $280,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,688monthly | $1,586monthly | $1,493monthly | $1,367monthly |
Land Transfer Tax
$3,725
$3,725
Around this home
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