518 CANNON STREET E

Key facts

• Property type: Multi-family
• Structure: Triplex
• Transaction: For Sale
• Price: $599,000
• Bedrooms: 5
• Bathrooms: 3
• Lot size: 25 x 100 FT
• Parking: 3
• Listing key: 29785116

Listing overview

Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton's vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected NOI of roughly $41,688 annually, the property also presents a strong conservative income pr...