1367 CANNON Street E

Hamilton, Ontario L8H1W2

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$649,999

2,397.02 sqft

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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. (id:54619)

General Info

Basement: Full (Unfinished)

Building Type: House

Total Stories: 2.5

Amenities Nearby: Park, Public Transit

Rooms

Second level: 4pc Bathroom; 5' x 4'

: Bedroom; 10'5'' x 11'6''

: Eat in kitchen; 10'5'' x 7'9''

: 4pc Bathroom; 5'6'' x 7'

: Bedroom; 10'6'' x 7'1''

: Living room; 10'6'' x 11'9''

: Eat in kitchen; 10'5'' x 10'6''

Third level: 4pc Bathroom; 5' x 5'5''

: Bedroom; 8'1'' x 11'9''

: Living room; 11'5'' x 11'9''

: Kitchen; 11'1'' x 11'9''

Basement: Storage; 1' x 1'

: Utility room; 1' x 1'

Main level: 2pc Bathroom; 1' x 1'

: Bedroom; 13'4'' x 10'7''

: 3pc Bathroom; 8'1'' x 4'6''

: Bedroom; 13'5'' x 8'7''

: Kitchen; 8'1'' x 12'2''

: 4pc Bathroom; 4' x 5'8''

: Bedroom; 10'5'' x 10'5''

: Living room; 8'5'' x 12'1''

: Kitchen; 10'5'' x 9'1''

Other Details 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. (id:54619)