536 CANNON Street E, Hamilton, Ontario
$724,900
- 5 Beds
- 4 Baths
- 2,107 Square Feet
An exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential (estimated at $975.65* net per month with 20% down) and stable, reliable income from day one currently grossing $4,777.50 per month. OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! RSA. (id:23309)
- Listing ID: 40813531
- Property Type: Multi-family
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Listing provided by RE/MAX Escarpment Realty Inc.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 536 CANNON Street E in Hamilton Ontario. It was last modified on April 17th, 2026. Contact Paul Busnello to schedule a viewing or to discover other Hamilton homes for sale.