487 Cannon Street No longer available

Hamilton, Gibson, L8L 2E5

$699,999

Description

Listed by RIGHT AT HOME REALTY.

Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time!

Location

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  • Address: 487 Cannon Street
  • Neighborhood: Gibson
  • City: Hamilton
  • State: Ontario
  • Postal Code: L8L 2E5

Property Details

  • Property ID: X8233738
  • Property Price: $699,999
  • Style: Detached, 2 1/2 Storey
  • Rooms: 17+3
  • Bedrooms: 5+1
  • Bath: 4
  • Parking Spaces: 2
  • Basement: Apartment, Finished
  • Den: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $3,236.76 (2023)
  • Lot: 95.00x20.00 (Feet)

Property History

This property has been sold 3 times before. To view this property's sale price history please sign in or register:


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Recently Sold

    • Sold 99 days ago

    22 Hazel Avenue

    Hamilton, Gibson, L8L 6C9

    $682,777

    $000000

    • Sold 115 days ago

    73 Century Street

    Hamilton, Landsdale, L8L 1V9

    $679,900

    $000000

    • Sold 50 days ago

    478 King William Street

    Hamilton, Landsdale, L8L 1R3

    $669,900

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Re/max Premier Inc., Brokerage
    (647) 370 - 0992

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