$950,000Asking Price
59 Cannon Street, Hamilton, ON L8R 2B4
Central, Hamilton
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.
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.
See MoreKey Info
- 2.5-Storey Multiplex
- 3 Parking
- No Garage
- Park St
- 2000-2500 Approximate Sq Feet
- 100+ Years Approximate Age
- No Ensuite Laundry
- Forced Air Gas Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $5,311 in 2024
- Possession: Immediate
Details
- Brick Exterior
- No Fireplace
- 5 Kitchens
- MLS #X11920673
- RE/MAX ESCARPMENT REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | ||
 | 1 3-Piece Bathroom | |||
| 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom in Flat | |||
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Who lives here?
Central, Hamilton is a west GTA neighbourhood notable for its singles, renters, university grads, health and education, law & public sector professionals and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of adults aged 25 to 39 and seniors aged 85 & above.
Families
Kids Per Family
0.8
kids per family
in the neighbourhood.
Singles
63%
of residents are
single and loving it.
63% singles
Hamilton (46%)Renters
66%
of residents
are renters.
66% renters
Hamilton (32%)Education
40%
of residents are
university grads.
40% university grads
Hamilton (28%)Income
Average Household Income
$65K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 17% |
| Government | 10% |
| Health | 7% |
| Business | 7% |
| Trades | 7% |
Immigrants
38%
of residents were
born outside of Canada.
38% immigrants
Hamilton (25%)Birthplace - All
4.4% from Vietnam
All-time
Birthplace - Recent
1.0% from Iran
Recent
Foreign Languages
Foreign Languages
| Vietnamese | 4% |
| Mandarin | 3% |
| Arabic | 3% |
| Portuguese | 3% |
| Italian | 3% |
Religions
Religions
| Christian | 52% |
| Muslim | 6% |
| Buddhist | 5% |
| Hindu | 2% |
| Jewish | 1% |
