487 Cannon St E

Gibson, Hamilton, L8L 2E5
For Sale
8.10 BTC
487 Cannon St E, Hamilton
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
487 Cannon St E
5 + 1
BEDROOMS
4
BATHROOMS
3 + 1
KITCHENS
17 + 3
ROOMS
X8233738
MLSID
Contact Us
Property Description
Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time!
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
Property Details
Property Type
Detached, 2 1/2 Storey
Lot Size
20' x 95'
Fronting
North
Taxes
$3,237 (2023)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
Listing contracted with Right At Home Realty
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