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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Michael Wotherspoon • RE/MAX Escarpment Realty Inc.

$689,999

Est. payment - /mo

2,397 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-5 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,397 sqft

Price per Sqft $287

MLS Listing ID 40787650

Abv Grd Liv Area 2,397

Annual Tax Amount $3,621

Property Sub-Type Multi-5 Unit

Source Cornerstone

Property Description

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.

Location

Province ON

County Hamilton

Area 20 - Hamilton Centre

Zoning D

Direction Follow Cannon St E until Robins Ave

Rooms

Basement Separate Entrance, Full, Unfinished

Kitchen 0

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Wall Unit(s)

Fireplace No

Laundry None

Exterior

Parking Features Asphalt

Roof Type Asphalt Shing

Lot Frontage 25.0

Garage No

Building

Lot Description Rectangular, Public Transit

Faces Follow Cannon St E until Robins Ave

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 172440099

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

1367 Cannon Street E Hamilton, ON L8H 1W2

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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1367 Cannon Street E