Home with brick exterior material, street for 574 Cannon St, Hamilton Ontario L8L 2G4
6 days on Market

574 Cannon St, Hamilton, Ontario L8L 2G4

Townhouse
4
3
- sqft
$749,900
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Townhouse
4
3
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$3,221/mo

Tax Amount (2024)$3,190/yr

Days On Market6 days


Description

Turnkey Multi Family Investment Opportunity in the Heart of Hamilton! An exceptional opportunity to own a fully renovated 3-Unit, cash-flowing multi-unit property in Downtown Hamilton! This investment boasts modern finishes, strong rental income, and minimal maintenance, making it a prime investment for any savvy buyer. SUITE MIX: 1 x 2-Bedroom Unit and 2 x 1-Bedroom Units All units updated within the last 3 years featuring modern finishes such as Quartz countertops, stainless steel appliances, vinyl plank flooring, subway tile backsplashes, and brand-new bathrooms. 2 of the 3 units feature private laundry for tenant convenience! Rent roll as such; Unit 1 (second floor): $1,695/month + Hydro, Unit 2 (Main floor): $1,600/month + Hydro and Unit 3 (Basement): $1,057/month (All-Inclusive). A sought-after area attracting young professionals and long-term tenants! Buyer to conduct their own due diligence regarding zoning.


Property Details

Style2 1/2 Storey
View-
Age of property51-99
SqFt-
Lot Size2,400 Ac(100 x 24)
Parking Spaces2
MLS ®NumberX12047702
Community NameGibson
Data SourceTRREB
Listing byKELLER WILLIAMS COMPLETE REALTY

Features

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

Features

Lot size: 2,400 Ac

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by KELLER WILLIAMS COMPLETE REALTY, Brokerage

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Population and Demographics

Overview

Total population 7422
Average household income $86,536

Age (%)

20 to 34
26%
0 to 19
23%
35 to 49
20%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
51%
Single person
40%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
81%
Spanish
3%
Arabic
2%
Portuguese
2%
Somali
2%
Vietnamese
2%
Others
2%
French
1%
Italian
1%

House tenancy (%)

Renters
60%
Owners
40%

Schools and amenities

Estimated Budget