487 Cannon Street E Hamilton, ON L8L 2E5
3 Beds
4 Baths
2,050 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $356
MLS Listing ID 40708568
Style 2.5 Storey
Bedrooms 3
Full Baths 4
Abv Grd Liv Area 2,050
Year Built 1911
Annual Tax Amount $3,474
Property Sub-Type Detached
Source Mississauga
Property Description
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.
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning R1A
Direction Ottawa St N, right on Cannon St E.
Rooms
Basement Separate Entrance, Partial, Partially Finished
Main Level Bedrooms 1
Kitchen 4
Interior
Interior Features None
Heating Forced Air
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry In Building
Exterior
Roof Type Asphalt Shing
Lot Frontage 20.0
Lot Depth 95.0
Garage No
Building
Lot Description Urban, Rectangular, Hospital, Park, Place of Worship, Public Transit, Rec./Community Centre, Schools
Faces Ottawa St N, right on Cannon St E.
Foundation Concrete Perimeter
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 2.5 Storey
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 171950064
Ownership Freehold/None