Three-story residence featuring white siding and brown trim Features: horizontal siding, stoop, fence More Photos

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    For Sale - 518 Cannon Street, Hamilton, Ontario

    Est payment $2,876/mo
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    Views   2
    Time on Jump  43 day

    AI Summary *

    • Fully tenanted triplex offering built-in rental income for financial flexibility.
    • Three self-contained units in a spacious, character-filled layout.
    • Located on a prominent corner lot with a side parking pad.
    • Close to public transit, schools, parks, and everyday amenities.
    • Strong income profile with potential for long-term value growth.




    Welcome to this exceptional opportunity to own a fully tenanted 2. 5-storey triplex ideally located on a prominent corner lot in hamilton's vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected noi of roughly $41,688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on cannon street east, the location provides excellent access to public transit, major routes, schools, parks, and tim hortons field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of hamilton's evolving communities.
    Listing IDX13156508
    Address518 Cannon Street
    CityHamilton, Ontario
    Price$599,000
    Bed / Bath5 / 3 Full
    Style2 1/2 Storey, Triplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features NoneAmenities Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, SchoolOwnership FreeholdBasement FullFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Agency:  REAL BROKER ONTARIO LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

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    518 Cannon Street
    Hamilton , Ontario
    5 3 $599,000
    Get more info