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1367 CANNON Street E, Hamilton — listed at $649,999. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Storage | Basement | 1' x 1' |
| Utility room | Basement | 1' x 1' |
| 4pc Bathroom | Third level | 5'5'' x 5' |
| Bedroom | Third level | 11'9'' x 8'1'' |
| Living room | Third level | 11'9'' x 11'5'' |
| Kitchen | Third level | 11'9'' x 11'1'' |
| 4pc Bathroom | Second level | 4' x 5' |
| Bedroom | Second level | 11'6'' x 10'5'' |
| Eat in kitchen | Second level | 7'9'' x 10'5'' |
| 4pc Bathroom | Second level | 7' x 5'6'' |
| Bedroom | Second level | 7'1'' x 10'6'' |
| Living room | Second level | 11'9'' x 10'6'' |
| Eat in kitchen | Second level | 10'6'' x 10'5'' |
| 2pc Bathroom | Main level | 1' x 1' |
| Bedroom | Main level | 10'7'' x 13'4'' |
| 3pc Bathroom | Main level | 4'6'' x 8'1'' |
| Bedroom | Main level | 8'7'' x 13'5'' |
| Kitchen | Main level | 12'2'' x 8'1'' |
| 4pc Bathroom | Main level | 5'8'' x 4' |
| Bedroom | Main level | 10'5'' x 10'5'' |
| Living room | Main level | 12'1'' x 8'5'' |
| Kitchen | Main level | 9'1'' x 10'5'' |
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 3 spaces.
How is the space laid out across floors?+
This is a 2.5-storey single family. The 6 bedrooms and 6 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is there air conditioning?+
Yes — wall unit cooling is in place.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is 1367 CANNON Street E a good fit for a growing family?+
With 6 bedrooms and 6 bathrooms (2397 sq ft), there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
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