536 Cannon Street E, Hamilton, ON L8L 2E9
536 Cannon Street E, Hamilton, ON L8L 2E9
536 Cannon Street E, Hamilton, ON L8L 2E9
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Mike McCarthy

Mike McCarthy

+1(289) 919-5442
$724,900
Est. payment /mo
5 Beds
4 Baths
1,525 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,525 sqft

Price per Sqft $475

MLS Listing ID 40813527

Style 2.5 Storey

Bedrooms 5

Full Baths 4

Abv Grd Liv Area 2,107

Annual Tax Amount $4,792

Property Sub-Type Single Family Residence

Source Cornerstone

Property Description

An exceptional opportunity in Hamilton's Gibson/Stipley neighbourhood, just steps to downtown, this tastefully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $4,777.50 per month or an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $975.65* per month OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordability! Fully renovated in 2022, each unit features bright white kitchens with quartz countertops, stainless steel appliances, over-the-range microwaves, dishwashers, and the added convenience of in-suite laundry. Separate hydro meters allow for efficient utility management, enhancing tenant appeal and investor returns. The spacious unit mix includes a two-level 2-bedroom, 2-bathroom suite both levels with family rooms, a well-appointed 2-bedroom unit, and a 1-bedroom suite with a full 4-piece bath. Modernized bathrooms, a fenced backyard, and a fire escape for added safety complete the offering. Positioned steps to Tim Hortons Field, the Wentworth Stairs, public transit, and quick downtown Hamilton access, this turnkey property combines location, functionality, income and affordability in one compelling package. Don't miss this rare opportunity to own a fully renovated multi-unit property with excellent house-hacking potential. Contact us today to schedule your private viewing or to learn more about what this property can do for you! RSA.

Location

Province ON

County Hamilton

Area 20 - Hamilton Centre

Zoning D

Direction Cannon St E between Stirton St & Sanford Ave

Rooms

Basement Separate Entrance, Full, Finished

Kitchen 3

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Window Features Window Coverings

Laundry In-Suite, Multiple Locations

Exterior

Exterior Feature Private Entrance, Separate Hydro Meters

Roof Type Asphalt Shing

Porch Porch

Lot Frontage 25.5

Lot Depth 80.0

Garage No

Building

Lot Description Urban, Highway Access, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby

Faces Cannon St E between Stirton St & Sanford Ave

Sewer Sewer (Municipal)

Water Municipal

Architectural Style 2.5 Storey

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 171990173

Ownership Freehold/None

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Listed by RE/MAX Escarpment Realty Inc.
Nearby School & Business

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Mike McCarthy
Mike McCarthy

Realtor | License ID: 4794661

+1(289) 919-5442 | mike@mikemccarthyrealty.com

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