487 Cannon St E

For Sale New 2 Days
$699,999
6 beds
4 baths

487 Cannon St E

For Sale New 2 Days
$699,999
6 beds
4 baths

Highlights

Key insights

Description

Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime! (id:63267)

ROBERT ATKINS of RIGHT AT HOME REALTY,
#X12219524
updated 2 days ago.
Houseful checked MLS® for data 2 days ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • # parking spaces
    2
Interior
  • # full baths
    4
  • # total bathrooms
    4.0
  • # of above grade bedrooms
    6
Location
  • Community features
    Community centre
  • Subdivision
    Gibson
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12219524
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28466933/487-cannon-street-e-hamilton-gibson-gibson
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,867

/ Month
25 Years fixed, 20% down payment, % interest
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