518 CANNON Street E, Hamilton

2026-05-22
 

Quick Summary

Location
518 CANNON Street E, Hamilton, Ontario L8L2E8
Price
$599,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2125 sqft
Bedrooms:
5
Bathrooms:
3
Garages:
3

MLS®#40832202

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. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Park, Place of Worship, Playground, Public Transit, Schools, Shopping

Building

  • Basement Development: Unfinished
  • Basement Type: Full (Unfinished)
  • Cooling Type: Central air conditioning
  • Exterior Finish: Vinyl siding
  • Fireplace: No
  • Interior Size: 2125 sqft
  • Building Type: Triplex
  • Stories: 2.5
  • Utility Water: Municipal water

Land

  • Land Size: 0.04 ac|under 1/2 acre
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Zoning

  • Description: D

Information entered by Real Broker Ontario Ltd.
Listing information last updated on: 2026-06-02 16:19:15


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$500,000

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