518 Cannon Street E, Hamilton, ON L8L 2E8
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518 Cannon Street E, Hamilton, ON L8L 2E8
518 Cannon Street E, Hamilton, ON L8L 2E8
518 Cannon Street E, Hamilton, ON L8L 2E8
518 Cannon Street E, Hamilton, ON L8L 2E8
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Sandy Mackay

Sandy Mackay

+1(416) 567-3866
$ 599,000
Est. payment /mo
Save
Active

518 Cannon Street E Hamilton, ON L8L 2E8

5 Beds

3 Baths

2,125 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,125 sqft

Price per Sqft $281

MLS Listing ID 40832202

Bedrooms 5

Abv Grd Liv Area 2,125

Annual Tax Amount $2,763

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

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.

Location

Province ON

County Hamilton

Area 20 - Hamilton Centre

Zoning D

Direction Cannon St E & Greenaway Ave

Rooms

Basement Full, Unfinished

Kitchen 0

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Refrigerator, Stove

Laundry Shared

Exterior

Roof Type Asphalt Shing

Lot Frontage 25.0

Lot Depth 100.0

Garage No

Building

Lot Description Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby

Faces Cannon St E & Greenaway Ave

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 171990070

Ownership Freehold/None

Listed by Real Broker Ontario Ltd.
Sandy Mackay

Sandy Mackay

Realtor / Founder

+1(416) 567-3866

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518 Cannon Street E