171 days on Market

59 Cannon St, Hamilton, Ontario L8R 2B4

Townhouse
5
5
~2000-2500 sqft
$•••,•••
$950,000
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Townhouse
5
5
~2000-2500 sqft

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Highlights

Property Estimate

Days on market171 days

Estimated valueNot available

Price/Sqft$428/sqft

Monthly cost

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Description

Ideal investor Opportunity in Prime West Hamilton This vacant, income-generating property offers a rare chance to own a multi-residential investment in one of Hamilton's most vibrant and sought-after neighborhoods. Featuring 5 self-contained units, each with separate entrances, this charming character home offers over 3,250 sq ft of finished living space and significant income potential. The unit breakdown includes: Main Floor: Spacious 2-bedroom unit (potential for a 3rd bedroom), kitchen, and 3-piece bath. Second Floor: 2-bedroom unit with kitchen and 4-piece bath. Two 1-Bedroom units Units: Each is a 1-bedroom unit with its own kitchen and 3-piece bath. One Additional Detached unit: This is a large bachelor unit with a 3-piece bath. The property also includes 3 separate hydro meters, 2 hot water heaters, and a new H/E boiler for efficient heating. Situated steps from James Streets diners, boutiques, and the local farmers' market, this property benefits from an unbeatable location. Tenants will love the proximity to Bayfront Park, King Williams bustling restaurants, and the convenience of amenities like a walk-in clinic, pharmacy, dentists, and local grocers all right outside the doorstep. For commuters, the property is just minutes from Highway 403, offering easy access to Toronto and surrounding areas. The area also boasts plenty of nightlife, bars, a cinema/movie theatre, and is steps away from the up-and-coming sports venue.


Property Details

Style2 1/2 Storey
ViewDowntown
Age of property100+
SqFt~2000-2500 SqFt
Lot Size3,837 SqFt(50.77 x 75.59)
Parking Spaces3
MLS ®NumberX11920673
Community NameCentral
Data SourceTRREB
Listing byRE/MAX ESCARPMENT REALTY INC.

Features

Heating: Forced Air
Cooling: Window Unit
Basement: Apartment, Sep Entrance

2nd Floor

Kitchen

0.0 x 0.0

Living

4.47 x 0.0

2nd Br

2.82 x 5.18

Br

3.43 x 3.96


Features

Lot size: 3,837 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Market Data - Central

Geo Zone Map ThumbnailCentral

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

0 day

2023

11 days

2022

26 days

New Listings

Past 30 days

1 listing

Compared to

2024

1 listing

2023

1 listing

2022

1 listing

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

2 units

2022

1 unit

Median Sold Price

Past 30 days

$0

Compared to

2023

$730,000

2022

$525,000


Population and Demographics

Overview

Total population 7146
Average household income $85,783

Age (%)

0 to 19
15%
20 to 34
30%
35 to 49
19%
50 to 64
18%
65 and plus
18%

Household composition (%)

Single person
53%
Single family
39%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
72%
Others
5%
Arabic
4%
Spanish
4%
Portuguese
3%
Vietnamese
2%
Somali
2%
Mandarin
2%
French
1%

House tenancy (%)

Renters
76%
Owners
24%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget