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536 Cannon Street E Hamilton, Ontario L8L 2E9

5 Bedroom 4 Bathroom 2107 sqft
Central Air Conditioning Forced Air

$724,900

An exceptional opportunity in Hamilton’s Gibson/Stipley neighbourhood, just steps to downtown, this tastefully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $4,777.50 per month or an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $975.65* 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 affordability! Fully renovated in 2022, each unit features bright white kitchens with quartz countertops, stainless steel appliances, over-the-range microwaves, dishwashers, and the added convenience of in-suite laundry. Separate hydro meters allow for efficient utility management, enhancing tenant appeal and investor returns. The spacious unit mix includes a two-level 2-bedroom, 2-bathroom suite both levels with family rooms, a well-appointed 2-bedroom unit, and a 1-bedroom suite with a full 4-piece bath. Modernized bathrooms, a fenced backyard, and a fire escape for added safety complete the offering. Positioned steps to Tim Hortons Field, the Wentworth Stairs, public transit, and quick downtown Hamilton access, this turnkey property combines location, functionality, income and affordability in one compelling package. Don’t miss this rare opportunity to own a fully renovated multi-unit property with excellent house-hacking potential. Contact us today to schedule your private viewing or to learn more about what this property can do for you! RSA. (id:48469)

Property Details

MLS® Number 40813527
Property Type Single 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
BedroomsAboveGround 4
BedroomsBelowGround 1
BedroomsTotal 5
Appliances Window Coverings
BasementDevelopment Finished
BasementType Full (finished)
ConstructionStyleAttachment Detached
CoolingType Central Air Conditioning
ExteriorFinish Brick, Vinyl Siding
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 3
SizeInterior 2107 Sqft
Type House
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

Rooms

Level Type Dimensions
Second Level Living Room 9'11'' x 7'10''
Second Level Kitchen 9'4'' x 9'2''
Second Level Primary Bedroom 13'2'' x 10'0''
Second Level Bedroom 11'6'' x 9'4''
Second Level 4pc Bathroom Measurements not available
Third Level 4pc Bathroom Measurements not available
Third Level Primary Bedroom 13'2'' x 12'8''
Third Level Kitchen/dining Room 12'8'' x 9'2''
Basement Recreation Room 27'4'' x 21'0''
Basement Bedroom 11'10'' x 10'5''
Basement 3pc Bathroom Measurements not available
Basement Storage 21'0'' x 7'6''
Main Level Living Room 10'5'' x 10'4''
Main Level Primary Bedroom 12'0'' x 8'10''
Main Level 4pc Bathroom Measurements not available
Main Level Kitchen 13'7'' x 10'8''

https://www.realtor.ca/real-estate/29624125/536-cannon-street-e-hamilton

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