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 Multi-Family

Sub Type Duplex Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,525 sqft

Price per Sqft $475

MLS Listing ID 40813531

Bedrooms 5

Abv Grd Liv Area 2,107

Annual Tax Amount $4,792

Property Sub-Type Duplex Up/Down

Source Cornerstone

Property Description

An exceptional investment opportunity in Hamilton's Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential (estimated at $975.65* net per month with 20% down) and stable, reliable income from day one currently grossing $4,777.50 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 affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! 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 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Window Features Window Coverings

Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

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 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

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

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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