$729,999Asking Price
487 Cannon Street, Hamilton, ON L8L 2E5
Gibson, Hamilton
Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime!
Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime!
See MoreKey Info
- 2.5-Storey Duplex
- 2 Parking
- No Garage
- Sanford Ave N/Cannon St E
- No Ensuite Laundry
- Forced Air Gas Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $3,474 in 2024
- Possession: Immediate
Details
- Brick Exterior
- No Fireplace
- 4 + 1 Kitchens
- MLS #X12018990
- RIGHT AT HOME REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Gibson, Hamilton is a west GTA neighbourhood notable for its singles, renters and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 20 to 24 and adults aged 25 to 44.
Families
Kids Per Family
1.5
kids per family
in the neighbourhood.
Singles
62%
of residents are
single and loving it.
62% singles
Hamilton (46%)Renters
65%
of residents
are renters.
65% renters
Hamilton (32%)Education
15%
of residents are
university grads.
15% university grads
Hamilton (28%)Income
Average Household Income
$56K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 16% |
| Trades | 8% |
| Business | 5% |
| Manufacturing | 4% |
| Government | 4% |
Immigrants
27%
of residents were
born outside of Canada.
27% immigrants
Hamilton (25%)Birthplace - All
2.3% from Syria
All-time
Birthplace - Recent
0.7% from Somalia
Recent
Foreign Languages
Foreign Languages
| Arabic | 3% |
| Vietnamese | 3% |
| Spanish | 2% |
| French | 2% |
| Somali | 2% |
Religions
Religions
| Christian | 55% |
| Muslim | 4% |
| Buddhist | 2% |
| Hindu | 1% |
