305 CANNON Street
Hamilton, Ontario
4 bed • 3 bath • Single Family
Exceptional 3-unit property in the heart of Downtown Hamilton, positioned within one of the city’s most vibrant and walkable urban core neighbourhoods. Centrally located between Hamilton General Hospital and St. Joseph’s Healthcare, and just seconds to West Harbour GO, the Indoor Farmers’ Market, Arts District, Restaurant District, and the brand-new TD Coliseum, offering unmatched access to transit, culture, and everyday amenities. This move-in-ready property has been thoughtfully designed for low maintenance and ease of ownership. All three units are fully modernized and upgraded to maximize rental performance and deliver strong, cash-positive returns. Each self-contained unit includes its own full appliance package featuring a stove, fridge, washer, dryer, range hood, and microwave, ensuring complete independence for tenants and simplified management for owners. The property features digital code locks for every unit offering secure, streamlined access throughout. Designed as a low-maintenance asset, the exterior and overall layout allow for minimal ongoing upkeep. With consistent rental demand and long-term stability, this property presents an outstanding opportunity for investors or end users including first-time buyers, families, and professionals looking to offset mortgage payments while building long-term real estate wealth in a high-growth downtown location.
Price History
Schools
Elementary
- Dr. J. Edgar Davey Elementary Public School0.5 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- St. Patrick Catholic Elementary School0.6 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Cathy Wever Elementary Public School0.6 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 23% met the provincial standard
Secondary
- System Alternative Education Sir Isaac Brock Secondary School0.6 km
Public · Hamilton-Wentworth DSB · 65 students
- Cathedral High School0.7 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- Bernie Custis Secondary School Secondary School2.2 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L8L
- Population
- 32,312
- Private dwellings
- 14,444
- Median age
- 36.4
- Average household size
- 2.4
- Median household income
- $65,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Hamilton · last 12 months
- Median sold price
- $683,250
- Homes sold
- 4,988
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,988 recorded sales of single family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$130,980
Estimated Monthly Payment
$3,217
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,217/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $164/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?