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Home ON Greater Hamilton Hamilton Old Hamilton Crown Point East
1367 CANNON Street E
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1367 CANNON Street E $689,999
$689,999
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1367 CANNON Street E
Hamilton, Ontario L8H1W2

MLS® Number: 40787650
0
Bathrooms
2397
Square Feet

Listing Description

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. (69881218)

Location Description

Follow Cannon St E until Robins Ave

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
2397 sqft
Subdivision Name
201 - Crown Point
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$3,621.41
Total Parking Spaces
3
Time on REALTOR.ca
34 days

Building

Bathrooms
Total
0
Interior Features
Basement Type
Full (Unfinished)
Building Features
Features
Paved driveway
Foundation Type
Block
Rental Equipment
Water Heater
Total Units
5
Heating & Cooling
Cooling
Wall unit
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
3

Measurements

Square Footage
2397 sqft
Above Grade Finished
2397 sqft
Source: Other

Land

Lot Features
Frontage
25 ft
Other Property Information
Zoning Description
D
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