$950,000
6.93 BTC
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59 Cannon Street, Hamilton
$950,000
PRICE
5
BEDROOMS
5
BATHROOMS
X11920673
MLSID

59 Cannon Street, Hamilton

Ideal investor Opportunity in Prime West Hamilton This vacant, income-generating property offers a rare chance to own a multi-residential investment in one of Hamilton's most vibrant and sought-after neighborhoods. Featuring 5 self-contained units, each with separate entrances, this charming character home offers over 3,250 sq ft of finished living space and significant income potential. The unit breakdown includes: Main Floor: Spacious 2-bedroom unit (potential for a 3rd bedroom), kitchen, and 3-piece bath. Second Floor: 2-bedroom unit with kitchen and 4-piece bath. Two 1-Bedroom units Units: Each is a 1-bedroom unit with its own kitchen and 3-piece bath. One Additional Detached unit: This is a large bachelor unit with a 3-piece bath. The property also includes 3 separate hydro meters, 2 hot water heaters, and a new H/E boiler for efficient heating. Situated steps from James Streets diners, boutiques, and the local farmers' market, this property benefits from an unbeatable location. Tenants will love the proximity to Bayfront Park, King Williams bustling restaurants, and the convenience of amenities like a walk-in clinic, pharmacy, dentists, and local grocers all right outside the doorstep. For commuters, the property is just minutes from Highway 403, offering easy access to Toronto and surrounding areas. The area also boasts plenty of nightlife, bars, a cinema/movie theatre, and is steps away from the up-and-coming sports venue.
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Summary

Address
59 Cannon Street
Community
MLSID
X11920673
Property Type
Multiplex
Property Category
Bedrooms
5
Bathrooms
5
Kitchens
5
Zoning
D4
Taxes (Annual)
$5,311.19
Tax Year
2024
Published
January 13, 2025
Days on Market
160 Days
Possession Details
Immediate
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Inclusions

None

Details

Property Features
Arts Centre, Hospital, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
Bathroom 1
3-Piece Basement Level
Bathroom 2
4-Piece Main Level
Bathroom 3
4-Piece Second Level
Bathroom 4
3-Piece Third Level
Bathroom 5
3-Piece Flat Level
Parking Spaces
3
Parking Total
3
Parking Features
Private Triple
Architectural Style
2 1/2 Storey
Lot Width
76 Feet
Lot Depth
51 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Vacant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX ESCARPMENT REALTY INC.
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