21
See all 21 photos
$729,999
Est. payment /mo
6 Beds
4 Baths
Active
487 Cannon ST E Hamilton, ON L8L 2E5
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Gibson
MLS Listing ID X12219524
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 very low operating expenses; investors can achieve great positive cash flow, a rare find in today's 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
Family Room No
Basement Apartment, Finished
Kitchen 4
Separate Den/Office 1
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 20.0
Lot Depth 95.0
Total Parking Spaces 2
Building
Unit Features Hospital,Park,Public Transit,Place Of Worship,Rec./Commun.Centre,School
Foundation Concrete
Listed by RIGHT AT HOME REALTY
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