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Debolender

Re/Max Guelph Real Estate Broker

  • Home
  • About
    • Relocating
    • Testimonials
  • Real Estate Listings
    • Guelph
    • Kitchener
    • Waterloo
    • Cambridge
  • News and Advice
    • Deb’s Blog
    • Home Buying Advice
    • Home Selling Advice
    • Get Listings Sent To You
    • Get Your Free Home Evaluation
  • Contact

487 Cannon Street, Hamilton, ON L8L 2E5

487 Cannon Street, Hamilton, ON L8L 2E5
  • Home
  • Hamilton

487 Cannon Street, Hamilton, ON L8L 2E5

487 Cannon Street, Hamilton, ON L8L 2E5

$729,999

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Property ID:

 RH-590042-property

Bedrooms
6
Bathrooms
4
Garage
No
Year Built
2025

Description

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!

Additional Details

  • Property Sub Type: Duplex
  • Transaction Type: For Sale
  • Basement: Apartment, Finished
  • Heating Source: Gas
  • Heating Type: Forced Air
  • Parking Space: 2

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1499 Gordon St Guelph, ON N1L 1C9

+1 519 993 5656

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109 Selkirk Drive, Kitchener, ON N2E 1M5 10 O’CONNOR Lane, Guelph, ON N1E 7G5

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Suze Orman
May 27, 2025 Tuesday!
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