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59 CANNON Street W Hamilton

59 CANNON Street W, Hamilton, Ontario

$1,049,000

  • 6
  • 5
2,849 Square Feet
Ideal investor Opportunity in Prime West Hamilton This vacant, income-generating property offers a rare chance to own a multi-residential / commercial investment in one of Hamilton’s most vibrant and sought-after neighborhoods. Featuring 4 self-contained residential units, each with separate entrances, and a detached commercial office, this charming character home offers a total of over 3,250 sq ft of finished living space and significant income potential. The unit breakdown includes: Main Floor: Spacious 2-bedroom unit (potential for a 3rd bedroom), kitchen, and 3-piece bath. Second Floor: 2-bedroom unit with kitchen and 4-piece bath. Two 1-Bedroom units Units: Each is a 1-bedroom unit with its own kitchen and 3-piece bath. One Additional Detached unit: This is a large office unit with a kitchenette and a 3-piece bath. The property also includes 3 separate hydro meters, 2 hot water heaters, and a new H/E boiler for efficient heating. Situated steps from James Street’s diners, boutiques, and the local farmers' market, this property benefits from an unbeatable location. Tenants will love the proximity to Bayfront Park, King William’s bustling restaurants, and the convenience of amenities like a walk-in clinic, pharmacy, dentists, and local grocers—all right outside the doorstep. For commuters, the property is just minutes from Highway 403, offering easy access to Toronto and surrounding areas. The area also boasts plenty of nightlife, bars, a cinema/movie theatre, and is steps away from the up-and-coming sports venue. Note: There is a variance between the frontage recorded on the deed and the survey—buyers are advised to verify. This is an exceptional opportunity to invest in a high-demand location with strong rental appeal. Don’t wait—unlock the potential of this unique property today! (id:50004)
  • Listing ID: 40688351
  • Property Type: Multi-family
  • Year Built: 1900
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Details

  • Amenities Nearby: Hospital, Park, Place of Worship, Schools, Shopping
  • Community Features: Community Centre, School Bus
  • Ownership: Freehold
  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: D4

Building

  • BasementType: Full (Partially finished)
  • Basement Development: Partially finished
  • Constructed Date: 1900
  • Cooling: Wall unit
  • Exterior Finish: Brick, Metal, Vinyl siding
  • Fireplace Present: False
  • Foundation: Stone
  • Bathrooms (Total): 5
  • Heating: Other
  • Heating Fuel: Natural gas
  • Size Interior: 2849 sqft
  • Stories Total: 2.5
  • Utility Water: Municipal water

Land

  • Access Type: Road access, Highway access
  • Amenities: Hospital, Park, Place of Worship, Schools, Shopping
  • Sewer: Municipal sewage system
  • Size Frontage: 76 ft

REALTOR® MLS®

Listing provided courtesy of RE/MAX Escarpment Realty Inc.

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    This property for sale is located at 59 CANNON Street W in Hamilton. It was last modified on February 8th 2025. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Hamilton properties for sale.

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