16 Cannon Street
Hamilton, ON
- approx. < 700 sqft
- Multiplex
- 95 days on market
16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "as is, where is. Potential 132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.
Listing Details
- Taxes (2025)
- $18,282
- Listed
- June 11, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Aluminum Siding
- Roof
- Unknown
- Foundation
- Unknown
- Interior
- Other
- Lot Size
- 114 x 110 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 8
Utilities
- Sewer
- Sewer
- Heat Source
- Other
Location & Legal
- Cross Street
- Cannon St E & James St N
- Parcel Number
- 171650156
- Possession
- Immediate
- Occupancy
- Vacant
Schools
Elementary
- Dr. J. Edgar Davey Elementary Public School0.6 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- Hess Street Junior Public School0.8 km
Public · Hamilton-Wentworth DSB · 310 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 38% met the provincial standard
- Bennetto Elementary School0.9 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 54% met the provincial standard · Grade 6 math: 19% met the provincial standard
Secondary
- System Alternative Education Sir Isaac Brock Secondary School0.8 km
Public · Hamilton-Wentworth DSB · 65 students
- Cathedral High School1.4 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- École secondaire Georges-P-Vanier2.3 km
French public · CS Viamonde · 85 students
Grade 10 literacy: 100% 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
Residential Freehold in Hamilton · last 12 months
- Median sold price
- $680,000
- Homes sold
- 4,942
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,942 recorded sales of residential freehold properties in Hamilton over the last 12 months.
Listed by
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Walk Score
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Location
Street View
Mortgage Calculator
$700,000
Estimated Monthly Payment
$17,194
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: $17,194/mo (20% down, 5.5%)
Taxes: $1,524/mo · Insurance: $875/mo
Estimates only. Consult a financial advisor.
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