536 CANNON Street E

Hamilton, Ontario L8L2E9

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$679,900

2,107.04 sqft

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An exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential and stable, reliable income from day one! OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down. Talk about affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! RSA. (id:54619)

General Info

Appliances: Window Coverings

Basement: Full (Finished)

Building Type: House

Total Stories: 2.5

Attached Structures: Porch

Amenities Nearby: Park, Place of Worship, Playground, Public Transit, Schools, Shopping

Community Features: Community Centre

Rooms

Second level: 4pc Bathroom; Measurements not available

: Bedroom; 11'6'' x 9'4''

: Primary Bedroom; 13'2'' x 10'0''

: Kitchen; 9'4'' x 9'2''

: Living room; 9'11'' x 7'10''

Third level: 4pc Bathroom; Measurements not available

: Primary Bedroom; 13'2'' x 12'8''

: Kitchen/Dining room; 12'8'' x 9'2''

Basement: Storage; 21'0'' x 7'6''

: 3pc Bathroom; Measurements not available

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

: Recreation room; 27'4'' x 21'0''

Main level: 4pc Bathroom; Measurements not available

: Primary Bedroom; 12'0'' x 8'10''

: Living room; 10'5'' x 10'4''

: Kitchen; 13'7'' x 10'8''

Other Details An exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential and stable, reliable income from day one! OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down. Talk about affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! RSA. (id:54619)