1367 CANNON Street

Hamilton, Ontario L8H1W2

MLS # 40854861

$649,999

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.

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

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Rooms

Room	Level	Dimensions
Storage	Basement	1' x 1'
Utility room	Basement	1' x 1'
4pc Bathroom	Third level	5'5'' x 5'
Bedroom	Third level	11'9'' x 8'1''
Living room	Third level	11'9'' x 11'5''
Kitchen	Third level	11'9'' x 11'1''
4pc Bathroom	Second level	4' x 5'
Bedroom	Second level	11'6'' x 10'5''
Eat in kitchen	Second level	7'9'' x 10'5''
4pc Bathroom	Second level	7' x 5'6''
Bedroom	Second level	7'1'' x 10'6''
Living room	Second level	11'9'' x 10'6''
Eat in kitchen	Second level	10'6'' x 10'5''
2pc Bathroom	Main level	1' x 1'
Bedroom	Main level	10'7'' x 13'4''
3pc Bathroom	Main level	4'6'' x 8'1''
Bedroom	Main level	8'7'' x 13'5''
Kitchen	Main level	12'2'' x 8'1''
4pc Bathroom	Main level	5'8'' x 4'
Bedroom	Main level	10'5'' x 10'5''