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536 CANNON Street

536 CANNON Street

Hamilton, Ontario

5 bed • 4 bath • Single Family

$724,900

An exceptional opportunity in Hamilton’s Gibson/Stipley neighbourhood, just steps to downtown, this tastefully renovated century home offers over 2,100 sq ft of finished living space across three self-contained units, making it an ideal investment property generating $4,777.50 per month or an incredible multi-generational home for a large family. Configured as a legal duplex with an in-law suite, it delivers strong rental income potential with an estimated net cashflow of $975.65* per month OR the flexibility to live in one unit while leasing the others potentially bringing your total housing expenses down to an estimated $151* PER MONTH! Talk about affordability! Fully renovated in 2022, each unit features bright white kitchens with quartz countertops, stainless steel appliances, over-the-range microwaves, dishwashers, and the added convenience of in-suite laundry. Separate hydro meters allow for efficient utility management, enhancing tenant appeal and investor returns. The spacious unit mix includes a two-level 2-bedroom, 2-bathroom suite both levels with family rooms, a well-appointed 2-bedroom unit, and a 1-bedroom suite with a full 4-piece bath. Modernized bathrooms, a fenced backyard, and a fire escape for added safety complete the offering. Positioned steps to Tim Hortons Field, the Wentworth Stairs, public transit, and quick downtown Hamilton access, this turnkey property combines location, functionality, income and affordability in one compelling package. Don’t miss this rare opportunity to own a fully renovated multi-unit property with excellent house-hacking potential. Contact us today to schedule your private viewing or to learn more about what this property can do for you! RSA.

Price History

Schools

Elementary

  • Cathy Wever Elementary Public School0.4 km

    Public · Hamilton-Wentworth DSB · 540 students

    Grade 3 reading: 56% met the provincial standard · Grade 6 math: 23% met the provincial standard

  • St. Ann (Hamilton) Catholic Elementary School0.6 km

    Catholic · Hamilton-Wentworth CDSB · 375 students

    Grade 3 reading: 73% met the provincial standard · Grade 6 math: 52% met the provincial standard

  • Prince of Wales Elementary Public School0.9 km

    Public · Hamilton-Wentworth DSB · 540 students

    Grade 3 reading: 61% met the provincial standard · Grade 6 math: 49% met the provincial standard

Secondary

  • Cathedral High School1 km

    Catholic · Hamilton-Wentworth CDSB · 1650 students

    Grade 10 literacy: 64% met the provincial standard

  • Bernie Custis Secondary School Secondary School1.3 km

    Public · Hamilton-Wentworth DSB · 955 students

    Grade 10 literacy: 65% met the provincial standard

  • System Alternative Education Sir Isaac Brock Secondary School1.4 km

    Public · Hamilton-Wentworth DSB · 65 students

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

$144,980

Estimated Monthly Payment

$3,561

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,561/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $181/mo

Estimates only. Consult a financial advisor.

R

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