5 Beds 4 Bath

487 Cannon Street, Hamilton, ON L8L 2E5

Hamilton L8L 2E5 Ontario

MLS: X12018990

$729,999

Added 31 days ago | For Sale

Listed by: RIGHT AT HOME REALTY

About Property

Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime!

Features

  • House Style:Duplex
  • Bathrooms:4
  • Land Size: 20 X 95
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Sanford Ave N/Cannon St E
  • Basement:Apartment,Finished , Apartment,Finished
  • Possession Date:Immediate
  • Annual Property taxes: $3474.34
  • Bedrooms:5 +1
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12018990

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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