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 very low operating expenses; investors can achieve great positive cash flow, a rare find in today's 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!
For sale
C$729,999
487 Cannon St E, Hamilton, ON L8L 2E5
6beds
4baths
Duplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
New roof and fenceInterior waterproofingPlumbing upgradesWindow replacementsDoor updatesInterior cosmetic updates
- 47 days
- on Zillow |
- 16 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2025 at 06:15am
Listed by:
RIGHT AT HOME REALTY INC.
Source: TRREB,MLS®#: X12018990
Originating MLS®#: Toronto Regional Real Estate Board

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- None
Features
- None
- Basement: Apartment,Finished
- Has fireplace: No
Property
Parking
- Total spaces: 2
Features
- Stories: 2.5
- Pool features: None
Lot
- Size: 1,900 Square Feet
- Features: Hospital, Park, Public Transit, Place Of Worship, Rec./Commun.Centre, School
Details
- Parcel number: 171950064
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick
- Foundation: Concrete
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Hamilton
Financial & listing details
- Annual tax amount: C$3,474
- Date on market: 3/14/2025
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