Semi-Detached House sold at 59 Cannon Street, Hamilton, Ontario, L8R 2B4 - Strathcona - MLS: X11920673

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59 Cannon Street

Hamilton, Ontario, L8R 2B4 - Strathcona

$950,000$000000

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Neighbourhood

Strathcona
Major Intersection

Park St

Listed Since: 635 day(s)
Last update: 338 day(s) ago

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Overview

Property Type

Multiplex, 2 1/2 Storey
Bedrooms

5
Bathrooms

5
Basement

Apartment + Sep Entrance
Kitchen

5
Total Parking

3
Lot Size

75.59x50.77 (Feet)
Taxes

$5,311.19 (2024)
Type

Freehold

Property Description

Property description for 59 Cannon Street, Hamilton

Ideal investor Opportunity in Prime West Hamilton This vacant, income-generating property offers a rare chance to own a multi-residential investment in one of Hamilton's most vibrant and sought-after neighborhoods. Featuring 5 self-contained units, each with separate entrances, this charming character home offers over 3,250 sq ft of finished living space and significant income potential. The unit breakdown includes: Main Floor: Spacious 2-bedroom unit (potential for a 3rd bedroom), kitchen, and 3-piece bath. Second Floor: 2-bedroom unit with kitchen and 4-piece bath. Two 1-Bedroom units Units: Each is a 1-bedroom unit with its own kitchen and 3-piece bath. One Additional Detached unit: This is a large bachelor unit with a 3-piece bath. The property also includes 3 separate hydro meters, 2 hot water heaters, and a new H/E boiler for efficient heating. Situated steps from James Streets diners, boutiques, and the local farmers' market, this property benefits from an unbeatable location. Tenants will love the proximity to Bayfront Park, King Williams bustling restaurants, and the convenience of amenities like a walk-in clinic, pharmacy, dentists, and local grocers all right outside the doorstep. For commuters, the property is just minutes from Highway 403, offering easy access to Toronto and surrounding areas. The area also boasts plenty of nightlife, bars, a cinema/movie theatre, and is steps away from the up-and-coming sports venue.

Listed by RE/MAX ESCARPMENT REALTY INC.

Property details

MLS #

X11920673
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

100+
Pool

None
Drive

Private Triple
Garage

None
Total Parking

3
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Stone
Elevator

n/a
Water View

n/a
Laundry Level

Lower
Heat

Forced Air
A/C

Window Unit
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

X11920673
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

100+
Pool

None
Drive

Private Triple
Garage

None
Total Parking

3
Family Room

N
Den

N
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Stone
Elevator

n/a
Water View

n/a
Laundry Level

Lower
Heat

Forced Air
A/C

Window Unit
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

3.78 x 3.78 ft Main level
Br

4.16 x 3.09 ft Main level
2nd Br

4.34 x 3.3 ft Main level
Kitchen

0.0 x 0.0 ft Main level
Living

4.47 x 0.0 ft 2nd level
Kitchen

0.0 x 0.0 ft 2nd level
Br

3.43 x 3.96 ft 2nd level
2nd Br

2.82 x 5.18 ft 2nd level
Living

5.89 x 3.53 ft 3rd level
Kitchen

0.0 x 0.0 ft 3rd level
Loft

4.83 x 3.33 ft 3rd level
Rec

5.87 x 5.13 ft Bsmt level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Estimated price

Date

Price

Change

2025-01-13

$973,090

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Local Real Estate Price Trends for Multiplex in Strathcona

Active listings

Average Selling Price of a Multiplex

September 2026

$330,000

Last 3 Months

$477,583

Last 12 Months

$531,052

September 2025

$628,333

Last 3 Months LY

$681,278

Last 12 Months LY

$601,432

Change

-47%

Change

-30%

Change

-12%

Number of Multiplex Sold

September 2026

Last 3 Months

Last 12 Months

September 2025

Last 3 Months LY

Last 12 Months LY

Change

-67%

Change

-33%

Change

-33%

Average Selling price

Inventory Graph

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Closing Cost Total for this property

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Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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