557 Cannon Street, Hamilton, ON
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
Description
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)
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This detached home located at 557 Cannon Street, Hamilton is currently for sale and has been available on SousaSells for 693 days. This property is listed at $588,888 with an estimated mortgage of $1,960* per month. It has 3 beds, 2 bathrooms, and is unknown square feet. 557 Cannon Street, Hamilton is in the Gibson neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Carpet Free
Security Features
Community Features
Virtual Tours
Location
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
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Hamilton.
Configure Loan Settings
About Purchasing a Home in Hamilton, ON
For a property listed at $588,888 in Hamilton, the legal minimum down payment is $33,889 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 $8,253 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 $8,253.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Gibson, Hamilton.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.