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$499,900

427 Cannon Street, Hamilton, ON, L8L 2C8

QuickQuoteTM: $501K - $598K
MLS® # 40683863

3 Beds

3 Baths

1086 FEETSQ sqft

Property Information:

This 2-floor home is an investor’s dream, featuring separate rental units on both the main and top floors. There is additional potential to add another rental unit in the basement, all with separate entrances and a fire escape for safety and convenience. While not a legal duplex, this home offers great flexibility and rental income potential once renovated. Set on a large corner lot, the house is in need of work but offers significant upside for the right buyer. It’s being sold as-is, with no showings allowed due to safety concerns. This is a great opportunity for those with the vision and skill to unlock the full potential of this property. Don’t miss your chance to own a property in a prime location, with the possibility of creating multiple rental units.

Inclusions: Carbon Monoxide Detector,Range Hood,Refrigerator,Smoke Detector,Stove

Building Features:

  • Floor Space: 1086 Square Feet

Property Features:

  • Bedrooms: 3
  • Bathrooms: 3+0
  • Accessibility Features: Accessible Full Bath, Fire Escape, Accessible Kitchen, Accessible Entrance, Parking
  • Acres Range: < 0.5
  • Architectural Style: Two Story
  • Basement: Development Potential, Separate Entrance, Walk-Out Access, Full, Finished
  • Construction Materials: Aluminum Siding, Brick
  • Cooling: None
  • Driveway Parking: Private Drive Double Wide
  • Floor Space (approx): 1086 Square Feet
  • Heating: Forced Air, Natural Gas, Gas Hot Water
  • Interior Features: High Speed Internet, None
  • Lot Depth: 100 Feet
  • Lot Features: Urban, Rectangular, None
  • Lot Frontage: 28.00 Feet
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector
  • Utilities: Cable Connected, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected, Underground Utilities
  • Water Source: Municipal, Municipal-Metered
  • Zoning: R1A
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 2

Rooms:

  • Bathroom Main Level
  • Bedroom Main Level 2.74 X 3.05
  • Kitchen Main Level 2.44 X 3.05
  • Living Main Level 3.05 X 3.05
  • Kitchen 2nd Level 2.44 X 3.05
  • Bathroom 2nd Level
  • Bedroom 2nd Level 2.74 X 3.05
  • Bedroom 2nd Level 3.05 X 3.05
  • Bathroom Basement Level

Courtesy of: RE/MAX Escarpment Frank Realty

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Location of 427 Cannon Street, Hamilton, ON, L8L 2C8

Demographic Information of 427 Cannon Street, Hamilton, ON, L8L 2C8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$79,176.34

Average Number of Children

1.89

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.78 %

High school certificate or equivalent

31.95 %

Apprenticeship trade certificate/diploma

5.64 %

College/non-university certificate

17.63 %

University certificate (below bachelor)

0.35 %

University Degree

15.65 %

Commuter

Travel To Work

By Car

67.7 %

By Public Transit

18.85 %

By Walking

10.11 %

By Bicycle

0.71 %

By Other Methods

2.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.28 %

Houses

43.72 %

Own Vs. Rent