536 Cannon Street E Hamilton, Ontario L8L 2E9

$724,900

An exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential (estimated at $975.65* net per month with 20% down) and stable, reliable income from day one currently grossing $4,777.50 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 affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! RSA. (id:19593)

Property Details

MLS® Number	40813531
Property Type	Multi-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 Total	5
Appliances	Window Coverings
Basement Development	Finished
Basement Type	Full (finished)
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	Duplex
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

https://www.realtor.ca/real-estate/29624124/536-cannon-street-e-hamilton