CAONHamilton200 - Gibson/stipley518 Cannon St E

518 Cannon St E, Hamilton, ON

Name: 518 Cannon St E, For Sale in Hamilton - Zoocasa
Brand: Real Broker Ontario Ltd.
SKU: 40832202
Price: 599000 CAD

House

For Sale

Listed price in listed location currency (CAD).

$599,000

533

MLS® 40832202

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 2125 sqft

Garage None

Taxes $2,763

Days Active 30

Lot Size

Approx. Age

Avg. Price Per Sqft $281

MLS® Number 40832202

Property Address: 518 Cannon St E, Hamilton, ON, L8L2E8

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number40832202

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

BasementFull, Unfinished

DrivewayGarage Type:None

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral Air

Extras

Home Estimate Zoopraisal®

This property is estimated to sell between: $599,000 and $645,000.

Similar properties in this area sold on average for: $629,425

Expected to sell in 4 days. Similar properties sold in 34 days. This home has been on Zoocasa for 30 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

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