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X8233738
$699,999

487 Cannon St E (Sanford Ave N/Cannon St E)

Price: $699,999

Status: For Sale 

MLS®#: X8233738

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$699,999
  • Tax: $3,236.76 (2023)
  • Community:Gibson
  • City:Hamilton
  • Type:Residential
  • Style:Detached (2 1/2 Storey)
  • Beds:5+1
  • Bath:4
  • Basement:Apartment (Finished)

Features:

  • ExteriorBrick
  • HeatingForced Air, Gas
  • Sewer/Water SystemsSewers, Municipal
  • Lot FeaturesHospital, Park, Place Of Worship, Public Transit, Rec Centre, School

Listing Contracted With: RIGHT AT HOME REALTY

Description

Welcome to this meticulously maintained 4-unit property offering exceptional investment potential. With gross rental income of over $51k/year, income has increased while expenses have been reduced from the previous years. Each unit boasts comfortable living with 3 - 1 bedroom apartments and 1-2bedroom unit. Enjoy this turn-key and hassle-free investment with great tenants that are currently paying market rents providing a cash flow positive investment. Many recent updates including a new roof and fence in 2018, interior waterproofing, new concrete walkway, many windows replaced/repaired, plumbing updates, some new doors, tree trimming etc. Please see attachments for a complete list of recent updates. With extensive maintenance completed and tenants in good standing, this property offers a turnkey investment opportunity for savvy investors seeking long-term cashflow and appreciation. Potential upside on interior cosmetic updates. Financials attached. Offers welcome any time!

Want to learn more about 487 Cannon St E (Sanford Ave N/Cannon St E)?

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’

Joanna Norbett

Sales Representative Since 1986

Right At Home Realty Inc., Brokerage
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