Hamilton (gibson), ON L8L2E5,487 CANNON STREET E
Hamilton (gibson), ON L8L2E5,487 CANNON STREET E
Hamilton (gibson), ON L8L2E5,487 CANNON STREET E
Hamilton (gibson), ON L8L2E5,487 CANNON STREET E
Hamilton (gibson), ON L8L2E5,487 CANNON STREET E
Hamilton (gibson), ON L8L2E5,487 CANNON STREET E
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Sat
15
Mar
Sun
16
Mar
Mon
17
Mar
$ 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

Listing Status Active

Purchase Type For Sale

Subdivision Gibson

MLS® Listing ID X12018990

Bedrooms 6

Originating Board Toronto Regional Real Estate Board

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! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Total Parking Spaces 2

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer

Powered by: REALTOR.ca
Listed by RIGHT AT HOME REALTY

GET MORE INFORMATION

agent

Julie Lalonde

Brokerage Admin

+1(613) 889-0729

Name
Phone*
Message