518 Cannon Street

Hamilton, ON L8L 2E8 ( Gibson)

Quick Facts

Type: Triplex

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Taxes: $ 2,763 ( 2025)

Updated: 2026-05-21 17:12:59

Description

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.

Extras

Triplex

Property

Status: For Sale

MLS #: X13156508

Price: $ 599,000

Address: 518 Cannon Street

Type:

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 2,763

Tax Year: 2025

Lot Size:

Neighbourhood: Gibson

Nearest Intersection: Greenaway Ave

City: Hamilton

Postal Code: L8L 2E8

DOM: 9 Days

Last Update: 2026-05-21 17:12:59

 

Building

Interior

Bedrooms: 5

Bathrooms: 3

Rooms: 0

Kitchens: 3

Family Room:

Fireplace:

Basement: Full,

Central Vacuum:

 

Exterior

Exterior: Vinyl Siding,

Driveway:

Garage:

Garage Spaces:

Parking Spaces: 3.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms