536 CANNON Street
Hamilton, Ontario
- 5 bed
- 4 bath
- Multi-family
An exceptional investment opportunity in Hamilton’s Gibson/Stipley neighbourhood, this fully renovated multi-residential property offers strong cash flow potential (estimated at $975.65* net per month with 20% down) and stable, reliable income from day one currently grossing $4,777.50 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 affordable! Configured as a legal duplex with an additional self-contained in-law suite, the property features three well-maintained suites with quality finishes throughout, including updated kitchens, modern bathrooms, and in-suite laundry in each unit. Separate hydro meters provide efficient expense management and added appeal for investors. Currently tenanted by long-term occupants who are easy to manage, communicative, and paying at or slightly above market rents, this is a true turnkey asset with minimal operational overhead. Ideally located close to downtown Hamilton, transit, and key amenities, the property benefits from consistent rental demand in a high-growth area. A prime addition to any real estate portfolio, offering both immediate income and long-term appreciation potential. Call or message today for the proforma and more details! 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
Multi-family in Hamilton · last 12 months
- Median sold price
- $680,000
- Homes sold
- 4,978
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,978 recorded sales of multi-family properties in Hamilton over the last 12 months.
Walk Score
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Location
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Mortgage Calculator
$144,980
Estimated Monthly Payment
$3,561
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
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.
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