Property Description
Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 – 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time!
Features
: Apartment
2
: Municipal
: Brick
2
: Place Of Worship
: Public Transit
: Rec Centre
: School
: Hospital
: Park
None
Additional Information
RIGHT AT HOME REALTY
Sanford Ave N/Cannon St E
95
20
: Forced Air
: Sewers
E
A
$3,237
2023
: Gas
: 2 1/2 Storey
3
N
: Finished
Address Map
487
Cannon
St
0
W80° 9' 17.4''
N43° 15' 19.6''

487 Cannon St

Hamilton, Ontario L8L 2E5

5 Bedrooms
4 Bathrooms
$699,999
Listing ID #X8233738
Basic Details
Property Type : Detached
Listing Type : Sale
Listing ID : X8233738
Price : $699,999
Bedrooms : 5
Rooms : 17
Bathrooms : 4
Year Built : 0
Country : CA
Province : Ontario
Area : Hamilton
Municipality : Hamilton
Postal Code : L8L 2E5
Community : Gibson
Additional Room : 1
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