523 CANNON Street E 200 - Gibson/Stipley, Hamilton, Ontario, CA

Address: 523 CANNON Street E, Hamilton, Ontario

4 Beds4 Baths2078 sqftStatus: Buy
Price $759,000

Property Overview


Turnkey legal duplex property on 24’ x 116’ lot! Seize the opportunity to add a remarkable gem to your real estate portfolio. This all brick 2.5 storey has undergone recent top-to-bottom renovations, ensuring a hassle-free investment experience. With three separate units and space for up to six cars in the rear of the property, this is a truly exceptional find. Generating a monthly income of $4,150 with existing tenant leases, this property has potential to increase rental income for Units #1 and #2 starting from December 1st, 2023. Unit #1 Main Floor: This 902 sq ft unit boasts a well-designed layout with 1 bedroom, 4PC bathroom, in-suite laundry, and open-concept kitchen with quartz countertops, decor backsplash, pot lights, stainless steel appliances, breakfast bar, wide plank flooring, and a small office nook. It's perfect for comfortable living. Unit #2 Upper 1.5 Storey: Offers a generous 1,175 sq ft of space, which includes 2 bedrooms, 4PC and 2PC bathroom, spacious open-concept kitchen with white quartz countertops, breakfast bar, stylish backsplash, stainless steel appliances, wide plank flooring, and pot lights. The roomy living area is ideal for gatherings and entertaining. The basement offers a separate entrance & provides 505 sq ft of living space, featuring 1 bedroom, 3PC bathroom, a well-equipped kitchen with stainless steel appliances, quartz countertops, decor backsplash, pot lights, tile floors, and laundry. Location is key, and this property's location is ideal. Situated close to schools, parks, amenities, and hospitals, it's only a 10-minute walk to the proposed Sherman LRT station and a mere 15-minute drive to McMaster University. Whether you're a seasoned investor or just starting out, this property offers the potential for steady rental income and is a wise addition to your real estate portfolio. (id:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Duplex
Storeys
2.5
Square Footage
2078.0000
Subdivision Name
200 - Gibson/Stipley
Title
Freehold
Land Size
under 1/2 acre
Building
Bathrooms
Total
4
Interior Features
Basement Type
Full (Finished)
Building Features
Foundation Type
Block
Square Footage
2078.0000
Rental Equipment
Water Heater
Heating & Cooling
Cooling
None
Heating Type
Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Parking
Total Parking Spaces
2
Land
Other Property Information
Zoning Description
D
Features
           None
Enter Details Below
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Your Home Finance Calculation

Property Price CA $759,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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