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:4069)
Address
1367 CANNON Street E
List Price
$649,999
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Floor Area
2,397 Sq. Ft.
Frontage Length
25 ft
MLS® Number
40854865
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Full (Unfinished)
Postal Code
L8H1W2
Zoning
D
Ownership
Freehold
Parking Places (Total)
3
Site Influences
Public Transit
Features
Paved driveway
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Wall unit
Foundation Details
Block
Number Of Floors In Building
2.5
Water Source
Municipal water
Sewer
Municipal sewage system
