585 Cannon Street E
Hamilton (Gibson), ON L8L 2G6
- 7Bedrooms
- 6Bathrooms
- 0Parking
- 2000–2500Sq Ft
- $3,743Tax
- 16×60 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 585 Cannon Street E, Hamilton, Gibson
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 585 Cannon Street E, Hamilton, Gibson
Summarized Description
- Investment property with 6 rental units.
- Gross income exceeds $50,000 annually.
- Stable rent income from good tenant profile.
- Equipped with 200Amp electrical service.
- Multiple rental units enhance investment potential.
- Strong property management opportunities available.
- Ideal for investors seeking steady cash flow.
Residential property with 6 units, investment property with Electrical(200Amp), GROSS income over 65K per YEAR. GOOD TENANT PROFILE with stable rent income.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,743
- Land Transfer Tax Fee
- $13,475
Rental Items
- Rental Equipment
- 2 Hot Water Tank
- Basement Type
- Apartment, Separate Entrance
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- Other
Construction
- Exterior Finish
- Brick
- Roof
- Other
- Foundation Details
- Other
- Special Designation
- Unknown
Lot
- Lot Front
- 16.20 ft
- Lot Depth
- 60.16 ft
Inclusions
- Inclusions
- coin laundry and dry machine, all stove and fridges in the property
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Window Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 7
- Washrooms
- 6
- Kitchens
- 6
Washrooms
- 3-piece, Ground
- 3-piece, Second
- 3-piece, Third
- 3-piece, Basement
- Municipality
- Hamilton
- Neighbourhood
- Gibson
- Main cross streets
- CANNON ST & CHESTNUT AVE
- Directions
- CANNON ST & CHESTNUT AVE
- MLS® number
- X12568826
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2025-11-18
- Updated on
- 2026-06-19
- Days on market
- 336 days
- Possession date
- 2025-11-24
- Possession type
- Immediate
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- CENTRAL WORLD REALTY
Home Market Value
Current home valuation for 585 Cannon Street E, Hamilton, Gibson, Hamilton, ON. Listed for $849,999
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 585 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% on first $500K + 10% on $349,999 over $500K
$60,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $31,586 | $23,715 | $20,230 | $0 |
=Total mortgage | $821,235 | $788,714 | $742,729 | $679,999 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,010monthly | $3,851monthly | $3,626monthly | $3,320monthly |
Land Transfer Tax
$13,475
$13,475
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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