1367 Cannon Street, Hamilton, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Crown Point. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $689,999 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.
- 6 Bedrooms and 9 Bathrooms with 5 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 25 x 100 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Accessory Apartment
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
Welcome to 1363-1367 Cannon St. E, an exceptional investment opportunity that hasn't been available for over 40 years. This well-maintained property offers 2397 sq ft of living space and is zoned as a Triplex (323), featuring 5 self-contained units in total. Situated in a highly desirable area with a high walk score, the location is unbeatable. Within walking distance, you'll find the bustling Center Mall, trendy Ottawa Street, and a variety of amenities, making this property incredibly convenient for tenants. The building consists of three floors, with each unit offering a functional layout. The first floor contains 2 units: Unit 1 features a kitchen, living room, bedroom, and a 4-piece bathroom, while Unit 2 offers a similar setup but also includes an additional 2-piece bath. The second floor has 2 more units: Unit 3, which is currently vacant and ready for new tenants, includes a kitchen, living room, bedroom, and 4-piece bath, while Unit 4 has a kitchen, bedroom, and 4-piece bath. The third floor features Unit 5, with a kitchen, living room, bedroom, and 4-piece bath, providing additional rental income potential. The property also includes a utility room and storage space in the basement, offering added convenience. With parking for 3 cars, tenants will enjoy the practicality of dedicated parking spaces in a busy neighborhood. This is an excellent opportunity for investors seeking a property that offers solid income potential in a highly sought-after location. After being under the same ownership for over four decades, this property is now available for the first time, offering a rare chance to capitalize on its long-term value.
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Property Summary
This detached home located at 1367 Cannon Street, Hamilton is currently for sale and has been available on SousaSells for 268 days. This property is listed at $689,999 with an estimated mortgage of $2,297* per month. It has 6 beds, 9 bathrooms, and is 2000-2500 square feet. 1367 Cannon Street, Hamilton is in the Crown Point neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 9 bathrooms, this home offers ample space and comfort for growing families in Crown Point, Hamilton.
- •6 spacious bedroom layout offering versatile living space
- •9 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Crown Point, Hamilton.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Accessory Apartment
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1367 Cannon Street, Hamilton, ON
Q.What is the asking price for 1367 Cannon Street, Hamilton, ON ?
The current listing price for 1367 Cannon Street, Hamilton, ON in Crown Point, Hamilton is $689,999.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 9 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 1367 Cannon Street, Hamilton, ON ?
1367 Cannon Street, Hamilton, ON is a Detached (2 1/2 Storey) featuring a Full, Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Window Unit(s).
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Data-driven valuation for 1367 Cannon Street E, Hamilton, ON L8H 1W2
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About Purchasing a Home in Hamilton, ON
For a property listed at $689,999 in Hamilton, the legal minimum down payment is $44,000 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 $10,275 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 $10,275.
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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.