1295 Cannon St E

FOR SALE
$700,000
1295 Cannon St E, Hamilton
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
1295 Cannon St E
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
X10405894
MLSID
Contact Us
Property Description
Excellent Multi-Use opportunity in the heart of Crown Point. Main floor unit currently being used as a convenience store. Perfect for a retail space with lots of traffic from trendy Ottawa St, local neighbourhood and school across the street. Second floor has a spacious 2 bedroom, 1 bathroom apartment. Basement is high and dry with lots of storage, laundry and 2-piece bathroom. The building has been properly maintained by same owners for 25 years. Updated parking lot, roof (2015) & walk-in freezer. Units are separately metered. Perfect opportunity to invest in the City of Hamilton!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-02-08 2024-09-07 213 $709,900 - Expired
2022-11-11 2023-05-01 78 $799,999 - Expired
2022-02-08 2022-11-10 275 $819,000 - Terminated
Property Details
Street
Community
Property Type
Detached, 2-Storey
Lot Size
25' x 74'
Fronting
North
Taxes
$5,320 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
5
Garage Type
None
Room Summary
RoomLevelSizeFeatures
OfficeMain29.99' x 29.99'
OtherMain10.01' x 10.01'
Br2nd12.01' x 10.01'
Br2nd12.01' x 10.01'
Living2nd12.99' x 14.99'
Dining2nd10.01' x 14.99'
Kitchen2nd10.01' x 14.99'
Hamilton Market Statistics
Hamilton Price Trend
1295 Cannon St E is a 2-bedroom 2-bathroom home listed for sale at $700,000, which is $61,583 (9.6%) higher than the average sold price of $638,417 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Hamilton declined by $37,184 (5.5%) compared to the previous 30 day period (September 21 - October 20) and down $73,444 (10.3%) from the same time one year ago.
Inventory Change
There were 68 2-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 12.8% compared with the previous 30 day period (September 21 - October 20) and down 2.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($12,806) (2.0%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,133 increase compared to the previous 30 day period (September 21 - October 20) and ($20,925) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Hamilton over the last 30 days (October 21 - November 19) stood at 98.5%, up from 57.7% over the previous 30 days (September 21 - October 20) and up from 50.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Hamilton stood at 38 days when successfully sold over the last 30 days (October 21 - November 19), compared to 51 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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