487 Cannon St E
Gibson, Hamilton
$729,999
Buy with Dwelly and Save $7,300
Home Details
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Listing 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!
Fridge x3, stove x4, Electrical light fixtures.
City: Hamilton
Neighborhood: Gibson
Property History
Rooms
Room dimensions for 487 Cannon St E, Hamilton
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 487 Cannon St E is 3888
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $729999 |
| Down Payment | $146000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $583999 |
Monthly Payment
| Mortgage Payment | $3599 |
| Property Taxes | $290 |
| Maintenance Fees | $0 |
| Monthly Payment | $3888 |
About 487 Cannon St E, Hamilton
Located at 487 Cannon St E , this Hamilton house is available for sale. This property was listed for $729,999 on Fri Jun 13 2025. This house's size is 2000-2500 Sqft. It has 5 bedrooms and 4 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 2 parking spots. 487 Cannon St E, Hamilton is situated in the Gibson neighbourhood.
MLS#: X12219524 · $729,999 · 5 bedroom house in Gibson, Hamilton