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Property Description
An exceptional opportunity in Hamilton's Gibson/Stipley neighbourhood, just steps to downtown, this tastefully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $4,777.50 per month or an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $975.65* per month OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordability! Fully renovated in 2022, each unit features bright white kitchens with quartz countertops, stainless steel appliances, over-the-range microwaves, dishwashers, and the added convenience of in-suite laundry. Separate hydro meters allow for efficient utility management, enhancing tenant appeal and investor returns. The spacious unit mix includes a two-level 2-bedroom, 2-bathroom suite both levels with family rooms, a well-appointed 2-bedroom unit, and a 1-bedroom suite with a full 4-piece bath. Modernized bathrooms, a fenced backyard, and a fire escape for added safety complete the offering. Positioned steps to Tim Hortons Field, the Wentworth Stairs, public transit, and quick downtown Hamilton access, this turnkey property combines location, functionality, income and affordability in one compelling package. RSA.
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Property Features
Fenced Yard, Library, Park, Place Of Worship, Public Transit, School, Carpet Free, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Street Only
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Property Details
Address
536 Cannon Street
Community
City
Postal Code
L8L 2E9
Property Type
Detached, Detached
Lot Size
26' x 80'
Taxes
$4,792 (2026
Basement
Finished, Full, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Escarpment Realty Inc.
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