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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$599,000
Available - For Sale
Listing ID: X13156508
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.
Price $599,000
Taxes: $2,763
Occupancy by: Tenant
Address: 518 Cannon Street East , Hamilton, L8L 2E8, Hamilton
Directions/Cross Streets: Greenaway Ave
Rooms: 12
Bedrooms: 5
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Full
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Second
Washroom 3:  3 Third
Washroom 4:  0
Washroom 5:  0
Property Type: Triplex
Style: 2 1/2 Storey
Exterior: Vinyl Siding
Garage Type: None
Drive Parking Spaces: 3
Pool: None
Approximatly Square Footage: 2000-2500
Property Features: Library
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REAL BROKER ONTARIO LTD.

518 Cannon Street East , Hamilton, L8L 2E8, Hamilton

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Gibson
Style: 2 1/2 Storey
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $2,763
Maintenance Fee: $0
Beds: 5
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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