557 Cannon Street, Hamilton, ON

$588,888
MLS#:X9265315
3 beds
2 baths
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Gibson. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $588,888 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Premium 24.08 x 100.2 ft lot size
  • Features a ["finished", "separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Excellent Opportunity for First-Time Home Buyers or Saavy Investors in the very heart of Hamilton! Incredibly RARE Home w/ Private Gated Backyard Access via rear laneway to park up to FOUR (4) vehicles! You will not have any problems with parking as owners, multiple tenants, or visitors. Lots of $$$ in modernization and upgrades! New vinyl plank flooring throughout, potlights and light fixtures, front entry door, staircase and railing, kitchen cabinetry and countertop, freshly painted, and newer windows throughout! Brand New Kitchen Island and S/S Fridge! The main floor is spacious, clean and bright welcoming lots of natural sunlight with open concept living and dining spaces leading to the bright kitchen. Walk out from the main floor to the covered backyard escape further leads to a large multipurpose/parking space for occupants. Separate Side Entrance allows for potential future basement apartment to generate additional income. Existing rough-ins for kitchen in basement. This home has been completely renovated throughout and boasts arguably the most functional backyard in the entire neighbourhood. The rear-laneway accessible backyard includes a covered walkout entertainment space which leads to a newly constructed concrete pavement and grass area for landscaping/outdoor enthusiasts! This hidden gem in the neighbourhood will not last long! A/C and Furnace (2018) Windows (2017) Kitchen Island (2024) Refrigerator (2024)

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 19, 2024
Sold price information is available to members only
Listed Date8/22/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size24.08 × 100.2 Feet
CountyHamilton
Annual Tax$2,653.1
Legal DescriptionPT LTS 94 & 95, PL 219 , AS IN VM49669, S/T & T/W VM49669 ; HAMILTON

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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557 Cannon Street, Hamilton, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Gibson, Hamilton.

Verified Local Data
Population785,184
Median Age41.6 Yrs
Ownership69% Owners
Avg Area List Price$523,978

People & Families

Age Distribution

Household Composition

One-person households
27%
Families with children
45%
Couples without children
27%
Other households
1%

Top Ethnic Origins

English21%
Scottish17%
Irish16%
Canadian13%

Local Schools Guide

Elementary Schools

St Ann's
PublicSherman Avenue North, Stipeley, Hamilton, Ontario, L8L 0B8
5.6
Prince of Wales
Public77 Melrose Avenue North, Stipeley, Hamilton, Ontario, L8L 6X4
3.9
Cathy Wever
Public160 Wentworth Street North, Gibson, Hamilton, Ontario, L8L 5V7
2.1
Adelaide Hoodless
Public71 Maplewood Avenue, Blakeley, Hamilton, Ontario, L8M 1W7
6.8
Notre-Dame
Public400 Cumberland Avenue, Blakeley, Hamilton, Ontario, L8M 2A2
3.8

Secondary Schools

Cathedral
Public30 Wentworth Street North, Gibson, Hamilton, Ontario, L8L 8H5
4.6
Bernie Custis
Public1055 King Street East, Stipeley, Hamilton, Ontario, L8M 1C3
2.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied69%
Rented31%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 557 Cannon Street E, Hamilton, ON L8L 2G2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$471,110.4
Monthly Mortgage$2,737
Property Tax (Est.)$221
Utilities & Maint.$350
Total Monthly Cost$3,308

Nearby School Rankings

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Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.