536 Cannon Street E Hamilton, Ontario L8L 2E9
$724,900
An exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential (estimated at $975.65* net per month with 20% down) and stable, reliable income from day one currently grossing $4,777.50 per month. OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! RSA. (id:48469)
Property Details
| MLS® Number | 40813531 |
| Property Type | Multi-family |
| AmenitiesNearBy | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
| Structure | Porch |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 5 |
| Appliances | Window Coverings |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Vinyl Siding |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 2107 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 80 Ft |
| SizeFrontage | 26 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | D |
https://www.realtor.ca/real-estate/29624124/536-cannon-street-e-hamilton
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April 18 2026 02:02:31
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.