$599,000
518 Cannon Street E, Hamilton, ON L8L 2E8
Hamilton
- Bedrooms
- 5
- Bathrooms
- 3
- Parking
- 3
- Type
- Triplex
About this listing
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.
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 518 Cannon Street E, Hamilton, ON L8L 2E8
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13156508
Listed by REAL BROKER ONTARIO LTD.
On market since May 21, 2026
About 518 Cannon Street E, Hamilton, ON L8L 2E8
How much is 518 Cannon Street E, Hamilton, ON L8L 2E8?
518 Cannon Street E, Hamilton, ON L8L 2E8 is listed for $599,000 CAD.
How many bedrooms and bathrooms does 518 Cannon Street E, Hamilton, ON L8L 2E8 have?
518 Cannon Street E, Hamilton, ON L8L 2E8 has 5 bedrooms and 3 bathrooms.
What type of property is 518 Cannon Street E, Hamilton, ON L8L 2E8?
518 Cannon Street E, Hamilton, ON L8L 2E8 is a Triplex.
What neighbourhood is 518 Cannon Street E, Hamilton, ON L8L 2E8 in?
518 Cannon Street E, Hamilton, ON L8L 2E8 is in Hamilton, Ontario.
Is 518 Cannon Street E, Hamilton, ON L8L 2E8 for sale or for rent?
518 Cannon Street E, Hamilton, ON L8L 2E8 is currently for sale.
How do I book a showing for 518 Cannon Street E, Hamilton, ON L8L 2E8?
Contact Michael Mezheritsky to arrange a private showing of 518 Cannon Street E, Hamilton, ON L8L 2E8 (MLS# X13156508). You can also send a message through the contact form on this site.