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Home ON Greater Hamilton Hamilton Old Hamilton Central
59 CANNON Street W
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$950,000
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59 CANNON Street W
Hamilton, Ontario L8R2B4

MLS® Number: 40688351
6
Bedrooms
5
Bathrooms
2849
Square Feet

Listing Description

Ideal investor Opportunity in Prime West Hamilton This vacant, income-generating property offers a rare chance to own a multi-residential / commercial investment in one of Hamilton’s most vibrant and sought-after neighborhoods. Featuring 4 self-contained residential units, each with separate entrances, and a detached commercial office, this charming character home offers a total of over 3,250 sq ft of finished living space and significant income potential. The unit breakdown includes: Main Floor: Spacious 2-bedroom unit (potential for a 3rd bedroom), kitchen, and 3-piece bath. Second Floor: 3-bedroom unit with kitchen and 4-piece bath. Two 1-Bedroom units Units: Each is a 1-bedroom unit with its own kitchen and 3-piece bath. One Additional Detached unit: This is a large office unit with a kitchenette and a 3-piece bath. The property also includes 3 separate hydro meters, 2 hot water heaters, and a new H/E boiler for efficient heating. Situated steps from James Street’s diners, boutiques, and the local farmers' market, this property benefits from an unbeatable location. Tenants will love the proximity to Bayfront Park, King William’s bustling restaurants, and the convenience of amenities like a walk-in clinic, pharmacy, dentists, and local grocers—all right outside the doorstep. For commuters, the property is just minutes from Highway 403, offering easy access to Toronto and surrounding areas. The area also boasts plenty of nightlife, bars, a cinema/movie theatre, and is steps away from the up-and-coming sports venue. Note: There is a variance between the frontage recorded on the deed and the survey This is an exceptional opportunity to invest in a high-demand location with strong rental appeal. Don’t wait—unlock the potential of this unique property today! (46191121)

Location Description

Between James St. N and Bay St N on the south side of the street

Property Summary

Property Type
Multi-family
Storeys
2.5
Square Footage
2849 sqft
Subdivision Name
101 - Strathcona Central North
Title
Freehold
Land Size
under 1/2 acre
Built in
1900
Annual Property Taxes
$5,311.19
Total Parking Spaces
4
Time on REALTOR.ca
377 days

Building

Bathrooms
Total
5
Interior Features
Basement Type
Full (Partially finished)
Building Features
Foundation Type
Stone
Total Units
5
Heating & Cooling
Cooling
Wall unit
Heating Type
Other, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Metal, Vinyl siding
Neighbourhood Features
Community Features
Community Centre, School Bus
Amenities Nearby
Hospital, Park, Place of Worship, Schools, Shopping
Parking
Total Parking Spaces
4

Measurements

Square Footage
2849 sqft
Above Grade Finished
2409 sqft
Source: Other
Below Grade Finished
440 sqft
Source: Other
Other
415 sqft

Land

Lot Features
Frontage
76 ft
Land Depth
51 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
D4
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