522 Cannon Street, Hamilton, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Gibson. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 25 x 87 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This newly renovated 2-storey detached home at 522 Cannon Street East now features beautiful new hardwood flooring throughout, adding warmth and elegance to its spacious layout. Offering 3+1 bedrooms, a large finished loft, and flexible living space with income-potential, the home blends modern upgrades with classic character. The remodeled bathroom includes granite counters and a clawfoot tub, complemented by an updated eat-in kitchen, 9-ft ceilings, and a welcoming slate-tiled foyer. Major improvements include a new roof (2022) and newer windows. Ideally located near transit, shops, dining, and highway access, this move-in-ready home is being sold as-is.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 522 Cannon Street E, Hamilton, ON L8L 2E8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $499,000 in Hamilton, the legal minimum down payment is $24,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,455 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.