487 Cannon Street E, Hamilton, Ontario L8L 2E5 (28024147)

487 Cannon Street E Hamilton, Ontario L8L 2E5

6 Bedroom 4 Bathroom
Forced Air

$729,999

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 low operating expenses of just $11,066.02. With a net operating income of $41,793/year or $3,482/month investors can achieve positive cash flow a rare find in todays 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! (id:50976)

Property Details

MLS® Number X12018990
Property Type Multi-family
Community Name Gibson
Amenities Near By Hospital, Park, Public Transit, Place Of Worship, Schools
Community Features Community Centre
Equipment Type Water Heater - Gas
Parking Space Total 2
Rental Equipment Type Water Heater - Gas

Building

Bathroom Total 4
Bedrooms Above Ground 5
Bedrooms Below Ground 1
Bedrooms Total 6
Appliances Stove, Refrigerator
Basement Development Finished
Basement Features Apartment In Basement
Basement Type N/a (finished)
Exterior Finish Brick
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Type Duplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Hospital, Park, Public Transit, Place Of Worship, Schools
Sewer Sanitary Sewer
Size Depth 95 Ft
Size Frontage 20 Ft
Size Irregular 20 X 95 Ft
Size Total Text 20 X 95 Ft

https://www.realtor.ca/real-estate/28024147/487-cannon-street-e-hamilton-gibson-gibson

Contact Us

Contact us for more information

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Robert Atkins
Salesperson

(416) 830-4133

Right At Home Realty
480 Eglinton Ave West #30, 106498
Mississauga, Ontario L5R 0G2

(905) 565-9200
(905) 565-6677
www.rightathomerealty.com/

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