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. (id:51158)
| MLS® Number | 40787327 |
| Property Type | Single Family |
| Amenities Near By | Park, Public Transit |
| Equipment Type | Water Heater |
| Features | Paved Driveway |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 6 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2,397 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Park, Public Transit |
| Sewer | Municipal Sewage System |
| Size Frontage | 25 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | D |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | 5' x 4' | ||
| Second Level | Bedroom | 10'5'' x 11'6'' | ||
| Second Level | Eat In Kitchen | 10'5'' x 7'9'' | ||
| Second Level | 4pc Bathroom | 5'6'' x 7' | ||
| Second Level | Bedroom | 10'6'' x 7'1'' | ||
| Second Level | Living Room | 10'6'' x 11'9'' | ||
| Second Level | Eat In Kitchen | 10'5'' x 10'6'' | ||
| Third Level | 4pc Bathroom | 5' x 5'5'' | ||
| Third Level | Bedroom | 8'1'' x 11'9'' | ||
| Third Level | Living Room | 11'5'' x 11'9'' | ||
| Third Level | Kitchen | 11'1'' x 11'9'' | ||
| Basement | Storage | 1' x 1' | ||
| Basement | Utility Room | 1' x 1' | ||
| Main Level | 2pc Bathroom | 1' x 1' | ||
| Main Level | Bedroom | 13'4'' x 10'7'' | ||
| Main Level | 3pc Bathroom | 8'1'' x 4'6'' | ||
| Main Level | Bedroom | 13'5'' x 8'7'' | ||
| Main Level | Kitchen | 8'1'' x 12'2'' | ||
| Main Level | 4pc Bathroom | 4' x 5'8'' | ||
| Main Level | Bedroom | 10'5'' x 10'5'' | ||
| Main Level | Living Room | 8'5'' x 12'1'' | ||
| Main Level | Kitchen | 10'5'' x 9'1'' |
https://www.realtor.ca/real-estate/29092714/1367-cannon-street-e-hamilton
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