1367 Cannon Street E new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8H 1W2
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,397 sqft
Price per Sqft $287
MLS Listing ID 40787327
Style 2.5 Storey
Bedrooms 6
Full Baths 5
Half Baths 1
Abv Grd Liv Area 2,397
Annual Tax Amount $3,621
Property Sub-Type Detached
Source Cornerstone
Property Description
Welcome to 1363-1367 Cannon St. E, an exceptional investment opportunity that hasn't been available for over 40 years. This well-maintained property offers 2397 sq ft of living space and is zoned as a Triplex (323), featuring 5 self-contained units in total. Situated in a highly desirable area with a high walk score, the location is unbeatable. Within walking distance, you'll find the bustling Center Mall, trendy Ottawa Street, and a variety of amenities, making this property incredibly convenient for tenants.
The building consists of three floors, with each unit offering a functional layout. The first floor contains 2 units: Unit 1 features a kitchen, living room, bedroom, and a 4-piece bathroom, while Unit 2 offers a similar setup but also includes an additional 2-piece bath. The second floor has 2 more units: Unit 3, which is currently vacant and ready for new tenants, includes a kitchen, living room, bedroom, and 4-piece bath, while Unit 4 has a kitchen, bedroom, and 4-piece bath. The third floor features Unit 5, with a kitchen, living room, bedroom, and 4-piece bath, providing additional rental income potential. The property also includes a utility room and storage space in the basement, offering added convenience. With parking for 3 cars, tenants will enjoy the practicality of dedicated parking spaces in a busy neighborhood. This is an excellent opportunity for investors seeking a property that offers solid income potential in a highly sought-after location. After being under the same ownership for over four decades, this property is now available for the first time, offering a rare chance to capitalize on its long-term value.
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning D
Direction FOLLOW CANNON ST E UNTIL ROBINS AVE
Rooms
Basement Separate Entrance,Full,Unfinished
Main Level Bedrooms 3
Bedroom 2 2
Bedroom 3 1
Kitchen 5
Interior
Interior Features None
Heating Forced Air,Natural Gas
Cooling Wall Unit(s)
Fireplace No
Laundry None
Exterior
Parking Features Asphalt
Roof Type Asphalt Shing
Lot Frontage 25.0
Garage No
Building
Lot Description Urban,Rectangular,Park,Public Transit
Faces FOLLOW CANNON ST E UNTIL ROBINS AVE
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 2.5 Storey
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 172440099
Ownership Freehold/None