Home with brick exterior material, street for 487 Cannon St, Hamilton Ontario L8L 2E5
Re-listed 21 days ago

487 Cannon St, Hamilton, Ontario L8L 2E5

Townhouse
5 + 1
4
~2000-2500 sqft
$729,999
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Townhouse
5 + 1
4
~2000-2500 sqft

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Highlights

Property Estimate

Days on market21 days

Total days on market
112 days

Estimated valueNot available

Price/Sqft$328/sqft

Monthly cost

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*Based on last 30 days

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!


Property Details

Style2 1/2 Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size1,900 SqFt(95 x 20)
Parking Spaces2
MLS ®NumberX12219524
Community NameGibson
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Forced Air
Basement: Apartment, Finished

Features

Lot size: 1,900 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Market Data - Gibson

Geo Zone Map ThumbnailGibson

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

0 day

2023

13 days

2022

18 days

New Listings

Past 30 days

3 listings

Compared to

2024

1 listing

2023

2 listings

2022

4 listings

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

1 unit

2022

2 units

Median Sold Price

Past 30 days

$0

Compared to

2023

$444,900

2022

$567,500


Population and Demographics

Overview

Total population 7422
Average household income $86,536

Age (%)

0 to 19
23%
20 to 34
26%
35 to 49
20%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
51%
Single person
40%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
81%
Spanish
3%
Arabic
2%
Portuguese
2%
Somali
2%
Vietnamese
2%
Others
2%
French
1%
Italian
1%

House tenancy (%)

Renters
60%
Owners
40%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget