59 Cannon Street W Hamilton, ON L8R 2B4
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,409 sqft
Price per Sqft $394
MLS Listing ID 40688351
Bedrooms 6
Abv Grd Liv Area 2,849
Originating Board Hamilton - Burlington
Year Built 1900
Annual Tax Amount $5,311
Property Sub-Type Multi-5 Unit
Property Description
This vacant, income-generating property offers a rare chance to own a multi-residential / commercial investment in one of Hamilton's most vibrant and sought-after neighborhoods. Featuring 4 self-contained residential units, each with separate entrances, and a detached commercial office, this charming character home offers a total of over 3,250 sq ft of finished living space and significant income potential.
The unit breakdown includes:
Main Floor: Spacious 2-bedroom unit (potential for a 3rd bedroom), kitchen, and 3-piece bath.
Second Floor: 2-bedroom unit with kitchen and 4-piece bath.
Two 1-Bedroom units Units: Each is a 1-bedroom unit with its own kitchen and 3-piece bath.
One Additional Detached unit: This is a large office unit with a kitchenette and a 3-piece bath.
The property also includes 3 separate hydro meters, 2 hot water heaters, and a new H/E boiler for efficient heating.
Situated steps from James Street's diners, boutiques, and the local farmers' market, this property benefits from an unbeatable location. Tenants will love the proximity to Bayfront Park, King William's bustling restaurants, and the convenience of amenities like a walk-in clinic, pharmacy, dentists, and local grocers—all right outside the doorstep. For commuters, the property is just minutes from Highway 403, offering easy access to Toronto and surrounding areas. The area also boasts plenty of nightlife, bars, a cinema/movie theatre, and is steps away from the up-and-coming sports venue.
Note: There is a variance between the frontage recorded on the deed and the survey—buyers are advised to verify.
This is an exceptional opportunity to invest in a high-demand location with strong rental appeal. Don't wait—unlock the potential of this unique property today!
Location
Province ON
County Hamilton
Area 10 - Hamilton West
Zoning D4
Direction Between James St. N and Bay St N on the south side of the street
Rooms
Basement Separate Entrance, Walk-Up Access, Full, Partially Finished
Kitchen 0
Interior
Interior Features Accessory Apartment
Heating Natural Gas, Other
Cooling Wall Unit(s), Other
Fireplace No
Laundry In-Suite
Exterior
Exterior Feature Private Entrance
Parking Features Exclusive
Roof Type Asphalt Shing
Porch Enclosed
Lot Frontage 75.59
Lot Depth 50.77
Garage No
Building
Lot Description Rectangular, City Lot, Highway Access, Hospital, Library, Park, Place of Worship, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
Faces Between James St. N and Bay St N on the south side of the street
Story 2.5
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Metal/Steel Siding,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 175860024
Ownership Freehold/None
Virtual Tour https://www.myvisuallistings.com/vtnb/352913