570 Cannon Street, Hamilton, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Gibson. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $519,900 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 with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 29.5 x 76 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Centrally located and full of opportunity, this charming 2.5-storey home offers versatility for families, investors, or those looking to offset their mortgage. Freshly revamped with newer flooring, the home features a bright and inviting layout with updates including tankless water heater, roof and water supply. The large eat-in kitchen with pot lights flows seamlessly into a spacious living room, also enhanced with pot lighting-perfect for everyday living and entertaining. Upstairs, the second level offers two generously sized bedrooms, a full bathroom, and convenient laundry. The third floor provides a fantastic bonus space with a bedroom plus office/den-ideal for working from home or creating a private retreat. The finished lower level, complete with its own kitchen, presents excellent in-law suite or income potential, adding to the home's overall value and flexibility. A great option for investors or savvy buyers alike, with the added benefit of a seller willing to consider a vendor take-back. Rare three car parking! This one has endless possibilities! RSA.
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Pricing & Value Insights
Data-driven valuation for 570 Cannon Street E, Hamilton, ON L8L 2G4
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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 $519,900 in Hamilton, the legal minimum down payment is $26,990 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 $6,873 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 $6,873.
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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.