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$ 599,000
Est. payment /mo
New
518 Cannon ST E Hamilton, ON L8L 2E8
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Gibson
MLS Listing ID X13156508
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $2,763
Tax Year 2025
Property Sub-Type Triplex
Property Description
Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton's vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected NOI of roughly $41,688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton's evolving communities.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement Full
Kitchen 3
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 25.0
Lot Depth 100.0
Total Parking Spaces 3
Building
Unit Features Library,Park,Place Of Worship,Public Transit,Rec./Commun.Centre,School
Foundation Poured Concrete
Others
ParcelsYN No
Listed by REAL BROKER ONTARIO LTD.
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Bunny Denton
Broker | License ID: 4758717