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487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton
  • 487 CANNON STREET E Hamilton

487 CANNON STREET E, Hamilton, Ontario

$729,999

  • 6 Beds
  • 4 Baths

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! (id:50212)

  • Listing ID: X12018990
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Hospital, Park, Public Transit, Place of Worship, Schools
  • Community Features: Community Centre
  • Equipment: Water Heater - Gas
  • Parking Spaces: 2
  • Rental Equipment: Water Heater - Gas
  • Transaction: For sale

Building

  • Appliances: Stove, Refrigerator
  • BasementType: N/A (Finished)
  • Basement Development: Finished
  • Basement Features: Apartment in basement
  • Bedrooms Main Level: 5
  • Bedrooms Lower Level: 1
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Concrete
  • Bathrooms (Total): 4
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 2.5
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Amenities: Hospital, Park, Public Transit, Place of Worship, Schools
  • Sewer: Sanitary sewer
  • Size Frontage: 20 ft
  • Size Irregular: 20 x 95 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 487 CANNON STREET E in Hamilton Ontario. It was last modified on March 14th, 2025. Contact Prashanth Prabakaran to schedule a viewing or to discover other Hamilton real estate for sale.

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