Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
Sat
15
Mar
Sun
16
Mar
Mon
17
Mar
Julie Lalonde

Julie Lalonde

Fidacity Realty

+1(613) 889-0729
$ 729,999
Est. payment | /mo

6 Beds

4 Baths


Save
$ 729,999
Est. payment | /mo
Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Gibson

MLS Listing ID X12018990

Style 2 1/2 Storey

Bedrooms 6

Annual Tax Amount $3,474

Tax Year 2024

Property Sub-Type Duplex

Property Description

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 low operating expenses of just $11,066.02. With a net operating income of $41,793/year or $3,482/month investors can achieve positive cash flow a rare find in todays 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!

Location

Province ON

County Hamilton

Community Gibson

Area Hamilton

Rooms

Basement Apartment, Finished

Kitchen 4

Interior

Interior Features None

Cooling None

Inclusions Fridge x3, Stove x4, Electrical light fixtures.

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 2

Building

Foundation Concrete

Lited by RIGHT AT HOME REALTY

GET MORE INFORMATION

agent

Julie Lalonde

Brokerage Admin

+1(613) 889-0729

Name
Phone*
Message