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$ 1,049,000
Est. payment /mo
Price Dropped by $50K
59 CANNON Street W Hamilton, ON L8R2B4
6 Beds
5 Baths
2,849 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,849 sqft
Price per Sqft $368
Subdivision 101 - Strathcona Central North
MLS® Listing ID 40688351
Bedrooms 6
Originating Board Cornerstone - Hamilton-Burlington
Year Built 1900
Property Sub-Type Freehold
Property Description
Ideal investor Opportunity in Prime West Hamilton This vacant, income-generating property offers a rare chance to own a multi-residential / commercial investment in one of Hamilton's most vibrant and sought-after neighborhoods. Featuring 4 self-contained residential units, each with separate entrances, and a detached commercial office, this charming character home offers a total of over 3,250 sq ft of finished living space and significant income potential. The unit breakdown includes: Main Floor: Spacious 2-bedroom unit (potential for a 3rd bedroom), kitchen, and 3-piece bath. Second Floor: 2-bedroom unit with kitchen and 4-piece bath. Two 1-Bedroom units Units: Each is a 1-bedroom unit with its own kitchen and 3-piece bath. One Additional Detached unit: This is a large office unit with a kitchenette and a 3-piece bath. The property also includes 3 separate hydro meters, 2 hot water heaters, and a new H/E boiler for efficient heating. Situated steps from James Street's diners, boutiques, and the local farmers' market, this property benefits from an unbeatable location. Tenants will love the proximity to Bayfront Park, King William's bustling restaurants, and the convenience of amenities like a walk-in clinic, pharmacy, dentists, and local grocers—all right outside the doorstep. For commuters, the property is just minutes from Highway 403, offering easy access to Toronto and surrounding areas. The area also boasts plenty of nightlife, bars, a cinema/movie theatre, and is steps away from the up-and-coming sports venue. Note: There is a variance between the frontage recorded on the deed and the survey—buyers are advised to verify. This is an exceptional opportunity to invest in a high-demand location with strong rental appeal. Don't wait—unlock the potential of this unique property today! (id:24570)
Location
Province ON
Interior
Heating Other,
Cooling Wall unit
Exterior
Parking Features No
Community Features Community Centre, School Bus
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://www.myvisuallistings.com/vt/352913
Listed by RE/MAX Escarpment Realty Inc.