Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached.
Right at Home Realty Brokerage
$729,999
487 Cannon Street E, Hamilton, Ontario
3 Bedrooms
4 Bathrooms
Property
MLS® Number: 40708568
Address: 487 Cannon Street E
City: Hamilton
Style: 2.5 Storey
Exterior: Brick
Lot Size: 95.0ft x 20.0ft
Utilities
Heating: Forced Air
Parking
Parking Spaces: 2
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Property Sale History
Travel and Neighbourhood
90/100Walk Score®
Walker's Paradise
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Location
