536 Cannon Street E Hamilton, Ontario L8L 2E9

$724,900

An exceptional opportunity in Hamilton’s Gibson/Stipley neighbourhood, just steps to downtown, this tastefully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $4,777.50 per month or an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $975.65* 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 affordability! Fully renovated in 2022, each unit features bright white kitchens with quartz countertops, stainless steel appliances, over-the-range microwaves, dishwashers, and the added convenience of in-suite laundry. Separate hydro meters allow for efficient utility management, enhancing tenant appeal and investor returns. The spacious unit mix includes a two-level 2-bedroom, 2-bathroom suite both levels with family rooms, a well-appointed 2-bedroom unit, and a 1-bedroom suite with a full 4-piece bath. Modernized bathrooms, a fenced backyard, and a fire escape for added safety complete the offering. Positioned steps to Tim Hortons Field, the Wentworth Stairs, public transit, and quick downtown Hamilton access, this turnkey property combines location, functionality, income and affordability in one compelling package. Don’t miss this rare opportunity to own a fully renovated multi-unit property with excellent house-hacking potential. Contact us today to schedule your private viewing or to learn more about what this property can do for you! RSA. (id:19593)

Property Details

MLS® Number	40813527
Property Type	Single Family
Amenities Near By	Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features	Community Centre
Equipment Type	Water Heater
Rental Equipment Type	Water Heater
Structure	Porch

Building

Bathroom Total	4
Bedrooms Above Ground	4
Bedrooms Below Ground	1
Bedrooms Total	5
Appliances	Window Coverings
Basement Development	Finished
Basement Type	Full (finished)
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Brick, Vinyl Siding
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,107 Ft2
Type	House
Utility Water	Municipal Water

Land

Access Type	Highway Access
Acreage	No
Land Amenities	Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	80 Ft
Size Frontage	26 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	D

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Living Room			9'11'' x 7'10''
Second Level	Kitchen			9'4'' x 9'2''
Second Level	Primary Bedroom			13'2'' x 10'0''
Second Level	Bedroom			11'6'' x 9'4''
Second Level	4pc Bathroom			Measurements not available
Third Level	4pc Bathroom			Measurements not available
Third Level	Primary Bedroom			13'2'' x 12'8''
Third Level	Kitchen/dining Room			12'8'' x 9'2''
Basement	Recreation Room			27'4'' x 21'0''
Basement	Bedroom			11'10'' x 10'5''
Basement	3pc Bathroom			Measurements not available
Basement	Storage			21'0'' x 7'6''
Main Level	Living Room			10'5'' x 10'4''
Main Level	Primary Bedroom			12'0'' x 8'10''
Main Level	4pc Bathroom			Measurements not available
Main Level	Kitchen			13'7'' x 10'8''

https://www.realtor.ca/real-estate/29624125/536-cannon-street-e-hamilton