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487 Cannon St E

Cannon St E, Gibson, Hamilton, ON, L8L 2E5

6
Beds
4
Baths
$699,999
List Price
Details
Photos
22
Comparables
History
487 Cannon St E, Hamilton, ON - 1 of 3
487 Cannon St E, Hamilton, ON - 2 of 3
487 Cannon St E, Hamilton, ON - 3 of 3
New
20 days on market

Quick Summary

  • 4-unit property with exceptional investment potential
  • Gross rental income over $51k/year, cash flow positive
  • Recent updates including new roof, fence, waterproofing
  • Turnkey investment with good tenants paying market rents
  • Potential upside on interior cosmetic updates

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... Show More

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! (id:54626)

Property Details

Size

Sq. Ft. Not Available
across 2 floors
6 Beds
5 Above Grade - 1 Below Grade
4 Baths
4 Full

Parking

2 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
-
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
-
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X8233738
Last Updated
April 30, 2024
Brokerage
RIGHT AT HOME REALTY
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Call us 800-591-0566

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483 Cannon St E, Hamilton, ON
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483 Cannon St E
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495 Cannon St E
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484 Cannon St E, Hamilton, ON
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484 Cannon St E
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484 Cannon St E, Hamilton, ON
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