1367 CANNON Street E, Hamilton, Ontario, L8H 1W2

MLS® # 40787650

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Investment For Sale In Crown Point East, Hamilton, Ontario

$689,999

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1367 Cannon Street E, Hamilton, ON - Other

1367 Cannon Street E, Hamilton, ON - Outdoor

1367 Cannon Street E, Hamilton, ON - Outdoor With Exterior

1367 Cannon Street E, Hamilton, ON - Indoor Photo Showing Bedroom

1367 Cannon Street E, Hamilton, ON - Indoor Photo Showing Other Room

1367 Cannon Street E, Hamilton, ON - Indoor Photo Showing Bathroom

1367 Cannon Street E, Hamilton, ON - Indoor Photo Showing Kitchen

1367 Cannon Street E, Hamilton, ON - Indoor

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1367 CANNON Street E, Hamilton, Ontario, L8H 1W2

$689,999

Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Air Conditioning: Yes
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 2397 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Wall unit

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Public Transit
Features: Paved driveway
Floor Space (approx): 2397 Square Feet
Lot Frontage: 25 Feet
Zoning: D
Sewer: Municipal sewage system
No. of Parking Spaces: 3

Courtesy of: RE/MAX Escarpment Realty Inc.

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