487 Cannon Street E Hamilton, Ontario L8L 2E5
$729,999
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! (id:50886)
Property Details
| MLS® Number | X12018990 |
| Property Type | Multi-family |
| Community Name | Gibson |
| Amenities Near By | Hospital, Park, Public Transit, Place Of Worship, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater - Gas |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater - Gas |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Appliances | Stove, Refrigerator |
| Basement Development | Finished |
| Basement Features | Apartment In Basement |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 95 Ft |
| Size Frontage | 20 Ft |
| Size Irregular | 20 X 95 Ft |
| Size Total Text | 20 X 95 Ft |
https://www.realtor.ca/real-estate/28024147/487-cannon-street-e-hamilton-gibson-gibson
Contact Us
Contact us for more information
Robert Atkins
Salesperson
480 Eglinton Ave West #30, 106498
Mississauga, Ontario L5R 0G2
(905) 565-9200
(905) 565-6677
www.rightathomerealty.com/
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March 25 2025 03:12:58
Toronto Regional Real Estate Board
Right At Home Realty