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518 CANNON STREET E, Hamilton (Gibson)
2026-05-22
Quick Summary
- Location
- 518 CANNON STREET E, Hamilton (Gibson), Ontario L8L2E8
- Price
- $599,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 2000 - 2500 sqft
- Bedrooms:
- 5
- Bathrooms:
- 3
- Garages:
- 3
MLS®#X13156508
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, Public Transit, Schools
Building
- Basement Type: Full
- Cooling Type: Central air conditioning
- Exterior Finish: Vinyl siding
- Fireplace: No
- Interior Size: 2000 - 2500 sqft
- Building Type: Triplex
- Stories: 2.5
- Utility Water: Municipal water
Land
- Land Size: 25 x 100 FT
- Sewer: Sanitary sewer
Zoning
- Description: D
Information entered by REAL BROKER ONTARIO LTD.
Listing information last updated on: 2026-05-21 18:16:18
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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