518 Cannon Street

ActiveHamilton · Gibson77 days on marketMLS® X13156508
$599,000
$300 / sq ft
Bedrooms5
Bathrooms3
Interior2,000 sq ft
TypeMulti-Family
ListingFor Sale
Days on Market77

About this property

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 profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton's evolving communities.

Features & finishes

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Air Conditioning
Basement

Property details

MLS® NumberX13156508
StatusActive
Listing TypeFor Sale
Property TypeMulti-Family
Interior Size2,000 sq ft
Beds / Baths5 bed · 3 bath
NeighbourhoodGibson
CityHamilton
Postal CodeL8L 2E8
ProvinceON
Listed DateMay 21, 2026
Days on Market77
Price per Sq Ft$300
BrokerageREAL BROKER ONTARIO LTD.

Location

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Listed by REAL BROKER ONTARIO LTD.