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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
    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!
    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®#: X12018990MLS LogoOriginating 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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