1367 Cannon Street

Hamilton (Crown Point), Ontario L8H1W2

MLS # X12542304

$689,999

Property Details

Type

Detached

Beds

Baths

Status

For Sale

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About this property

Welcome to 1363-1367 Cannon St. E, an exceptional investment opportunity that hasn't been available for over 40 years. This well-maintained property offers 2397 sq ft of living space and is zoned as a Triplex (323), featuring 5 self-contained units in total. Situated in a highly desirable area with a high walk score, the location is unbeatable. Within walking distance, you'll find the bustling Center Mall, trendy Ottawa Street, and a variety of amenities, making this property incredibly convenient for tenants. The building consists of three floors, with each unit offering a functional layout. The first floor contains 2 units: Unit 1 features a kitchen, living room, bedroom, and a 4-piece bathroom, while Unit 2 offers a similar setup but also includes an additional 2-piece bath. The second floor has 2 more units: Unit 3, which is currently vacant and ready for new tenants, includes a kitchen, living room, bedroom, and 4-piece bath, while Unit 4 has a kitchen, bedroom, and 4-piece bath. The third floor features Unit 5, with a kitchen, living room, bedroom, and 4-piece bath, providing additional rental income potential. The property also includes a utility room and storage space in the basement, offering added convenience. With parking for 3 cars, tenants will enjoy the practicality of dedicated parking spaces in a busy neighborhood. This is an excellent opportunity for investors seeking a property that offers solid income potential in a highly sought-after location. After being under the same ownership for over four decades, this property is now available for the first time, offering a rare chance to capitalize on its long-term value.

Mortgage Estimate

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Property taxes: about $302/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Kitchen	Main level	3.17 x 2.77
Living room	Second level	3.2 x 3.58
Bedroom	Second level	3.2 x 2.16
Bathroom	Second level	1.68 x 2.13
Kitchen	Second level	3.17 x 2.36
Living room	Main level	2.57 x 3.68
Bedroom	Second level	3.17 x 3.51
Bathroom	Second level	1.52 x 1.22
Kitchen	Third level	3.38 x 3.58
Living room	Third level	3.48 x 3.58
Bedroom	Third level	2.46 x 3.58
Bathroom	Third level	1.52 x 1.65
Utility room	Basement	0.3 x 0.3
Bedroom	Main level	3.17 x 3.17
Other	Basement	0.3 x 0.3
Bathroom	Main level	1.22 x 1.73
Kitchen	Main level	2.46 x 3.71
Bedroom	Main level	4.09 x 2.62
Bathroom	Main level	2.46 x 1.37
Bedroom	Main level	4.06 x 3.23