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Last Updated : 4 Days ago
487 Cannon Street E, Hamilton, ON, Gibson
MLS Number: XXXXXXX

487 Cannon Street E, Hamilton

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487 Cannon Street E, Hamilton MLS Number: X12219524

Gibson, Hamilton, ON, L8L 2E5

$699,999

Status: Sold

  • 5+1 Beds
  • 4 Baths
  • Area : 2000-2500 sqft
  • Property Type: Residential Freehold (Duplex)
  • Property Taxes : $3474.34 (Tax Year:2024)
  • Listing Courtesy : Right At Home Realty

487 Cannon Street E Property Description

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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487 Cannon Street E Property Facts

Property Type :Residential Freehold
MLS Number :X12219524
Listing Type :Sale
Possession Date :
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Last Updated :01 Dec, 2025 (4 Days ago)
Source :Toronto Regional Real Estate Board
Area :Hamilton
Postal Code : L8L 2E5

487 Cannon Street E Property Price & Tax Insights

Price : $699,999
Property Taxes :$3474.34
Tax Year :2024

487 Cannon Street E, Hamilton Property Details

Bedrooms :5 + 1
No. of Rooms :17
Heating :Forced Air
Place of Worship :Yes
Cross Street :Sanford Ave N/Cannon St E
Bathrooms :4
Fuel :Gas
Approx Square Footage :2000-2500 sqft
Fireplace/Stove :No

Exterior Information

Exterior Finish :Brick
Parking Space :2
Basement :Apartment
Laundry Level :Lower Level
Park :Park

487 Cannon Street E, Hamilton - Price History

2025-12

01 Dec, 2025

TREB #X12219524

Expired

$699999.0

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  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
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  • 6
  • 12
  • 18
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  • 30+
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