487 Cannon St, Hamilton

487 Cannon St, Gibson, Hamilton L8L2E5

2 1/2 Storey, Duplex Property
17 + 3 Rooms Total, 3 + 1 Kitchens
2 Parking Spaces

20.00 x 95.00

Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
Apartment, Finished Basement
Brick Exterior

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 Low Operating Expenses Of Just $11,066.02. With A Net Operating Income Of $41,793/Year Or $3,482/Month Investors Can Achieve Positive Cash Flow A Rare Find In Todays 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!

Pt Lt 31, Pl 158 , Part 1 , 62R6471 ; Hamilton

4-piece on bsmt level
4-piece on 2nd level
4-piece on main level
4-piece on 3rd level