Space
Finished area and layout
- Living Area
- 2,125 sqft
- Above Grade
- 2,125 sqft (Other)
- Finished Breakdown
- Above 2,125 sqft
- Bedrooms
- 5
- Bathrooms
- 3
+16 more
5
Bedrooms
3
Bathrooms
2,125 sqft
Living Area
0.04 ac
Lot
3
Parking
Property Snapshot
Key details for this listing
MLS #40832202
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 5-bedroom, 3-bathroom multi-family in Hamilton offers 2,125 sqft of living area on a 0.04 ac lot. 2 storeys. The property has lot dimensions of 0.04. The home features forced air, natural gas heating, central air conditioning, a unfinished, full basement.
MLS Remarks
Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton’s vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected NOI of roughly $41,688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton’s evolving communities. (id:60351)
Full Listing Details
Address518 CANNON Street E
MLS#40832202
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market158
Common InterestFreehold
Annual Tax$2,763
Parking3
Parking TypeOpen
Structure TypeTriplex
AttachedAttached
StyleMultiplex
Bedrooms5
Bathrooms3
Bedrooms Above Grade5
Living Area2,125 sqft
Above Grade Area2,125 sqft (Other)
Stories2
CityHamilton
ProvinceOntario
Postal CodeL8L2E8
Subdivision200 - Gibson/Stipley
Lot Size0.04 ac
Lot Dimensions0.04
Frontage25.0 feet
Zoning DetailsD
Total Parking3
Parking FeaturesOpen
HeatingForced air, Natural gas
CoolingCentral air conditioning
BasementUnfinished, Full
ExteriorVinyl siding
CommunitySchool Bus, Community Centre
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$2,763
Cannon St E & Greenaway Ave
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