$729,999
5.33 BTC
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487 Cannon Street, Hamilton
$729,999
PRICE
5 + 1
BEDROOMS
4
BATHROOMS
X12219524
MLSID

487 Cannon Street, Hamilton

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!
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Summary

Address
487 Cannon Street
Community
MLSID
X12219524
Property Type
Duplex
Property Category
Bedrooms
5 + 1
Bathrooms
4
Kitchens
3 + 1
Taxes (Annual)
$3,474.34
Tax Year
2024
Published
June 13, 2025
Days on Market
9 Days
Possession Type
Immediate
Possession Details
Immediate
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Inclusions

Fridge x3, stove x4, Electrical light fixtures.

Exclusions

Tenant belongings

Details

Property Features
Hospital, Park, Public Transit, Place Of Worship, Rec./Commun.Centre, School
Bathroom 1
4-Piece Basement Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Main Level
Bathroom 4
4-Piece Third Level
Parking Spaces
2
Parking Total
2
Architectural Style
2 1/2 Storey
Lot Width
20 Feet
Lot Depth
95 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RIGHT AT HOME REALTY
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Appointment Date & Time
Date
Time
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