Space
Finished area and layout
- Square Feet
- 2,000-2,500 sqft
- Bedrooms
- 5
- Bathrooms
- 3
+16 more
5
Bedrooms
3
Bathrooms
2,000-2,500 sqft
Square Feet
25 x 100 FT
Lot
3
Parking
Property Snapshot
Key details for this listing
MLS #X13156508
Property
Type, style and structure
- Type
- residential
- Style
- triplex / Triplex
- Structure
- 2 1/2 Storey
- Ownership
About This Property
This 5-bedroom, 3-bathroom triplex in Hamilton offers 2,000-2,500 sqft of square feet on a 25 x 100 FT lot. 2 storeys. The property has zoned D. The home features central air, a full basement. Highlights include a none pool.
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, Hamilton, ON L8L 2E8
MLS#X13156508
Listing StatusActive
Property TypeResidential
Sub-TypeTriplex
TransactionSale
List DateMay 21, 2026
Days on Market158
Common InterestFreehold
Annual Tax$2,763 (2025)
Parking3
Structure TypeTriplex
AttachedAttached
Style2 1/2 Storey
ConstructionVinyl Siding
Bedrooms5
Bathrooms3
Bedrooms Above Grade5
Square Feet2,000-2,500 sqft
Kitchens3
Stories2
CityHamilton
ProvinceOn
Postal CodeL8L 2E8
Lot Dimensions25 x 100 FT
Frontage25.0 feet
ZoningD
Zoning DetailsD
Total Parking3
CoolingCentral Air
BasementFull
RoofAsphalt Shingle
FoundationPoured Concrete
CommunityCommunity Centre
PoolNone
SewerSewer
Annual Tax$2,763 (2025)
Cannon St E & Greenaway Ave
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