$549,000
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518 Cannon Street E, Hamilton, ON L8L2E8

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5 Beds
3 Baths
2,125 Sq Ft

Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamiltons vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51, 576 in annual gross income with a projected NOI of roughly $41, 688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamiltons evolving communities. (id:58753)

Listing By: Sandy MacKay - Real Broker Ontario Ltd.
Source: CREA #40832202 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 40832202
  • Date Listed05/21/2026
  • Days on Realty 129 Days
  • Bedrooms 5
  • Bathrooms 3 baths
  • Lot Size 1,742 sq. ft
  • Sewer Public Sewer
  • Subdivision 200 - Gibson/Stipley
  • Property Type Triplex
  • Water Public
  • Square Feet 2,125 sq. ft
  • Price Per Sq. Ft $258.35

Interior Features

  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 1,742.40
  • Lot Features -

Directions

Cannon St E & Greenaway Ave

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for L8L2E8

Discover key demographics, population statistics, and environmental insights for the Hamilton, ON area.

Walkability in ON / L8L2E8

Source: Walk Score

91/100

Walker's Paradise

Walk Score ®

60/100

Good Transit

Transit Score ®

74/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

11 nearby routes: 11 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 59/100, Transit Score: 50/100, Bike Score: 54/100.

Points of Interest near 518 CANNON Street E, Hamilton, ON L8L2E8

Frequently Asked Questions for 518 CANNON Street E

Source: Realty.com

518 CANNON Street E, Hamilton, ON L8L2E8 in 200 - Gibson/Stipley, Hamilton, ON L8L2E8 is a triplex listed at $549,000. Highlights include 5 bedrooms, 3 bathrooms, 2,125 sq. ft., $258 per sq. ft.. Realty.ca has 21 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 21 photos of 518 CANNON Street E.

The full address for this home is 518 CANNON Street E, Hamilton, ON L8L2E8.

518 CANNON Street E has been listed on Realty.com since Thu May 21, 2026

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 59/100, Transit Score: 50/100, Bike Score: 54/100.

This content last refreshed on 2026-09-27 07:39:36. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.