1111 Cannon Street, Hamilton, ON
Property no longer active
This property was sold on November 27, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Crown Point. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,070,000 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 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 100 x 25 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Opportunity for investment or live/work. Fully det 2 sty building mixed use, approx 3100 sq ft. Main lev commercial space with store front exposure.The 2nd level- sep entrance to 2 residential units, fully leased, excellent tenants, 1-1bed &1 -2 bed. Full basement approx 1400 sq ft. loca. high traffic, residential area,trendy Ottawa St shopping district. Property has 3 parking spots & street parking around. Commercial space will be vacant possession onclosing. The Existing business -well established Deli. Long time family run over 50 years, successful & ongoing business. Bonus for any Buyer Seller is willing to sell/negotiate the business separately, train new owner tocontinue the business & help in the transition,(turnkey operation).
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Property Summary
This multiplex located at 1111 Cannon Street, Hamilton is currently for sale and has been available on SousaSells for 638 days. This property is listed at $1,070,000 with an estimated mortgage of $3,562* per month. It has 3 beds, 3 bathrooms, and is 3000-3500 square feet. 1111 Cannon Street, Hamilton is in the Crown Point neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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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 1111 Cannon Street E, Hamilton, ON L8L 2J5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $1,070,000 in Hamilton, the legal minimum down payment is $214,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $17,875 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $17,875.
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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.