ON > Hamilton > Gibson
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
Hamilton, ON L8L 2E5,487 Cannon ST E
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 699,999
Est. payment | /mo

6 Beds

4 Baths

Save
$ 699,999
Est. payment | /mo
Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Gibson

MLS Listing ID X12219524

Style 2 1/2 Storey

Bedrooms 6

Annual Tax Amount $3,474

Tax Year 2024

Property Sub-Type Duplex

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!

Location

Province ON

County Hamilton

Community Gibson

Area Hamilton

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 4

Separate Den/Office 1

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 20.0

Lot Depth 95.0

Total Parking Spaces 2

Building

Unit Features Hospital,Park,Public Transit,Place Of Worship,Rec./Commun.Centre,School

Foundation Concrete

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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487 Cannon ST E