536 Cannon Street E

Hamilton, ON L8L2E9

About this property

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:13843)

About this property

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:13843)

Features and Additional Information

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$679,900 Active
5 Bed(s)
4
Baths
2,107 sqft

Presented By Preferred Management

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License #RECO #4036190
Brokerage
RE/MAX Escarpment Realty Inc.
1-905-545-1188
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Area Information

| County | 200 Gibson/Stipley

$ 679,900
This listing is play_arrow 58.5% higher than the average in the area
$ 429,000 in the area
2,107 SqFt
This listing is play_arrow 126.1% larger than the average in the area
932 SqFt in the area
$ 323 $/SqFt
This listing is play_arrow 29.9% less than the average in the area
$ 460 $/SqFt in the area
18 days on site
This listing is play_arrow 72.7% below the average in the area
66 days on site in the area

Schools in the Area

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    Elementary School
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Listed By Tiffany Funke
Brokerage: RE/MAX Escarpment Realty Inc.

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