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5 Beds
3 Baths
2,125 sqft

C$549,000

518 Cannon Street E, Hamilton ON, L8L 2E8

Price per sqftC$258.35
Property size2,125 sqft
Property typeMulti-family

Overview

Active

Listed May 21, 2026

Updated Sep 5

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.

Additional information

MLS® ID
40832202

Interior Features

Bedrooms
5
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$2,763
Tax Frequency
Annually
Secondary Association Fee Frequency
Monthly
55+/Senior Community
No

 

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