487 Cannon Street E, Hamilton, Ontario L8L 2E5

Listed for:
$729,999
6 beds
4 baths
Listed 17 days ago
Duplex for rent: 487 Cannon Street E, Hamilton, Ontario L8L 2E5

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Learn more about this property
Listing provided by:
RIGHT AT HOME REALTY
MLS® number:
X12018990
Agent:
Robert Atkins
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About

Sanford Ave N/Cannon St E Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime! (id:27476)

Property Highlights

MLS® Number
X12018990
Type
Multi-family
Community Name
Gibson
Land Size
20 x 95 FT
Parking Space Total
2

Building

Building Type
Duplex
Storeys
2.50
Bathrooms Total
4
Bedrooms Above Ground
5
Bedrooms Total
6
Amenities
Hospital, Park, Public Transit, Place of Worship, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished)
Basement Features
Apartment in basement
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Street Spotlight - For sale