$729,999
Available - For Sale
Listing ID: X12018990
487 Cannon St East , Hamilton, L8L 2E5, Ontario
| 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! |
| Price | $729,999 |
| Taxes: | $3474.34 |
| Assessment Year: | 2025 |
| Address: | 487 Cannon St East , Hamilton, L8L 2E5, Ontario |
| Lot Size: | 20.00 x 95.00 (Feet) |
| Directions/Cross Streets: | Sanford Ave N/Cannon St E |
| Rooms: | 17 |
| Rooms +: | 3 |
| Bedrooms: | 5 |
| Bedrooms +: | 1 |
| Kitchens: | 3 |
| Kitchens +: | 1 |
| Family Room: | N |
| Basement: | Apartment, Finished |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Bsmt |
| Washroom Type 2 | 4 | 2nd |
| Washroom Type 3 | 4 | Main |
| Washroom Type 4 | 4 | 3rd |
| Property Type: | Duplex |
| Style: | 2 1/2 Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 2 |
| Pool: | None |
| Property Features: | Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Lower |
| Sewers: | Sewers |
| Water: | Municipal |
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| RIGHT AT HOME REALTY |
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|
Samuel Okafor
Sales Representative
Dir:
416-414-7577
Bus:
416-414-7577
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Gibson |
| Style: | 2 1/2 Storey |
| Lot Size: | 20.00 x 95.00(Feet) |
| Tax: | $3,474.34 |
| Beds: | 5+1 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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