Salehian.com 647-325-5000

16 Cannon Street E

Beasley, Hamilton, L8L 1Z5

$3,000,000

Reduced $500,000 from $3,500,000

Photo 1 of 3Photo 2 of 3Photo 3 of 3
  • 0 bedrooms
  • 0 bathrooms
  • 8 parking
  • < 700 sq ft

Listed 130 days ago · MLS® X13432900

About this home

16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "as is, where is. Potential 132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.

Details

Type
Multiplex
Style
2-Storey
Size
< 700 sq ft
Lot
114 × 110 ft
Basement
Other
Garage
None
Kitchens
0
Property tax
$18,282 (2025)
Neighbourhood
Beasley
Municipality
Hamilton

Interior

Bedrooms
0 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Aluminum Siding
Faces
East
Outdoor
Controlled Entry

Parking

Total parking
8
Driveway and parking
Available

Lot

Size
114 × 110 ft

More

Possession
Immediate
Cross street
Cannon St E & James St N

History of this address

4 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚆 West Harbour GO11 min walk

Within a 10-minute walk: 19 grocery stores, 159 cafés and restaurants, 12 parks, 13 pharmacies. Nearest grocery: Latin Food & Products (150 m). Nearest park: York Boulevard Parkette (200 m).

Schools nearby

Elementary

  • Dr. J. Edgar Davey Elementary School
    EQAO: Gr 6 reading 71%, math 14%    8 min walk
  • Hess Street Junior Public School
    EQAO: Gr 6 reading 66%, math 38%    13 min walk
  • Central Junior Public School
    EQAO: Gr 3 reading 41%, math 48%    15 min walk
  • Bennetto Elementary School
    EQAO: Gr 6 reading 64%, math 19%    15 min walk

Secondary

  • St. Charles Adult & Continuing Education Centre - Downtown Campus Catholic16 min walk
  • Kanétskare Elementary School1.5 km
  • Cathedral High School Catholic
    EQAO: Gr 9 math 43%, literacy test 64%    1.8 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L8L

Owners / renters
52% / 48%
Median household income
$65,000
Average age
38
Children under 15
17%
Homes
50% detached, 11% high-rise
Commute by transit
14%
Population
32,312

Languages spoken most at home besides English: Portuguese 2.7%, Arabic 1.5%, Vietnamese 1.4%, Spanish 1.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Hamilton police: 62 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 58 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence, with a City business licence (since December 2023).

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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