518 Cannon ST E, Hamilton, ON L8L 2E8
518 Cannon ST E, Hamilton, ON L8L 2E8
518 Cannon ST E, Hamilton, ON L8L 2E8
518 Cannon ST E, Hamilton, ON L8L 2E8
518 Cannon ST E, Hamilton, ON L8L 2E8
518 Cannon ST E, Hamilton, ON L8L 2E8
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Madison Bould

Madison Bould

+1(647) 960-7779
$ 549,000
Est. payment | /mo

5 Beds

3 Baths

Save
$ 549,000
Est. payment | /mo
Save

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Gibson

MLS Listing ID X13156508

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $2,763

Tax Year 2025

Property Sub-Type Triplex

Property Description

Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton's vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected NOI of roughly $41,688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton's evolving communities.

Location

Province ON

County Hamilton

Area Hamilton

Rooms

Family Room No

Basement Full

Kitchen 3

Interior

Interior Features None

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 25.0

Lot Depth 100.0

Total Parking Spaces 3

Building

Unit Features Library,Park,Place Of Worship,Public Transit,Rec./Commun.Centre,School

Foundation Poured Concrete

Others

ParcelsYN No

Listed by REAL BROKER ONTARIO LTD.

Nearby Locations

Madison Bould

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 960-7779

madison.bould@theagencyre.com

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518 Cannon ST E