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1367 CANNON Street E

Crown Point, Hamilton, L8H1W2

Listed by RE/MAX Escarpment Realty Inc.

$649,999

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  • 0 bedrooms
  • 0 bathrooms
  • 3 parking
  • 2397 sq ft

Listed 72 days ago · MLS® 40854865

About this home

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:66966)

Details

Type
Multi-family
Size
2397 sq ft
Basement
Unfinished, Full
Property tax
$3,621
Neighbourhood
Crown Point
Municipality
Hamilton

Interior

Fireplace
No

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Wall unit
Water and sewer
Municipal sewage system

Building and exterior

Foundation
Block
Outdoor
Brick

Parking

Total parking
3

Location

Location is approximate. See nearby homes on the map

Listed by RE/MAX Escarpment Realty Inc..

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