518 Cannon Street E, Hamilton, Ontario

About 518 Cannon Street E

Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton’s vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected NOI of roughly $41,688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton’s evolving communities. (id:6289)

More Info on this 200 - Gibson/Stipley Triplex MLS® listing

518 Cannon Street E is a triplex listing for sale in Hamilton. The MLS® number is 40832202. It features 5 bedrooms, 3 bathrooms and covers 2,125 square feet. It's currently listed for $549,000. For more details on MLS® 40832202, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This triplex listing in 200 - Gibson/Stipley is available now!

Selling your 200 - Gibson/Stipley Triplex property?

Have a similar home to 518 Cannon Street E? If you’re thinking about selling your 200 - Gibson/Stipley triplex property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Hamilton property.

Listing Map