487 Cannon Street E
Gibson Hamilton L8L 2E5

$729,999
Residential Freehold beds: 5+1 baths: 4.0

Front
Photo 1: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 2: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 3: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 4: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 5: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 6: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 7: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 8: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 9: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 10: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 11: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 12: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 13: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 14: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 15: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 16: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 17: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 18: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 19: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 20: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 21: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Photo 22: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
X12018990
Bedrooms:
5+1
Bathrooms:
4
Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime!
Under Contract:
Hot Water Tank-Gas
Property Type:
Residential Freehold
Property Sub Type:
Duplex
Home Style:
2 1/2 Storey
Depth:
95'
Frontage:
20'
Direction Faces:
North
Bedrooms:
5+1
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Kitchens in Basement:
1
Bedrooms Above Grade:
5
Bedrooms Below Grade:
1
Kitchens Above Grade:
3
Rooms Above Grade:
17
Rooms Below Grade:
3
Ensuite Laundry:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Apartment, Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
2
Total Parking Spaces:
2.0
Family Room:
No
Possession Details:
Immediate
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$3,474.34 / 2024
Assessment:
$- / 2025
Hamilton
Gibson
Hamilton
Hospital, Park, Public Transit, Place Of Worship, Rec./Commun.Centre, School
None
Hot water tank
Fridge x3, Stove x4, Electrical light fixtures.
Tenant belongings
Brick
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Level:
Lower Level
Date Listed:
Mar 14, 2025
Original Price:
$729,999
  • Photo 1: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Front
  • Photo 2: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Front
  • Photo 3: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Front hall
  • Photo 4: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 2 bathroom
  • Photo 5: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 2 kitchen
  • Photo 6: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Stairs
  • Photo 7: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 3 living
  • Photo 8: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 3 kitchen
  • Photo 9: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 3 bathroom
  • Photo 10: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 3 bedroom
  • Photo 11: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 1A entry
  • Photo 12: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 1A kitchen
  • Photo 13: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 1A bathroom
  • Photo 14: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 1A bathroom
  • Photo 15: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 1A living
  • Photo 16: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 1A living
  • Photo 17: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Unit 1A bedroom
  • Photo 18: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Side of property
  • Photo 19: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Utility/Laundry
  • Photo 20: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Utility/Laundry
  • Photo 21: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Backyard
  • Photo 22: 487 Cannon Street E in Hamilton: Gibson House for sale : MLS®# X12018990
    Backyard
Listed by RIGHT AT HOME REALTY
Data was last updated May 19, 2025 at 04:15 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$1,100,000
Min list price:
$429,000
Max list price:
$1,399,000
Avg days on market:
35
Min days on market:
2
Max days on market:
102
These statistics are generated based on the current listing's property type and located in Hamilton. Average values are derived using median calculations.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.