585 Cannon Street, Hamilton, ON
Property Highlights
Welcome to this remarkable Other multiplex located in the coveted neighborhood of Gibson. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,999 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.
- 7 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 16.2 x 60.16 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
Residential property with 6 units, investment property with Electrical(200Amp), GROSS income over 65K per YEAR. GOOD TENANT PROFILE with stable rent income.
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Property Summary
This multiplex located at 585 Cannon Street, Hamilton is currently for sale and has been available on SousaSells for 283 days. This property is listed at $849,999 with an estimated mortgage of $2,829* per month. It has 7 beds, 6 bathrooms, and is 2000-2500 square feet. 585 Cannon Street, Hamilton is in the Gibson neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Gibson, Hamilton.
- •7 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Gibson, Hamilton.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 585 Cannon Street, Hamilton, ON
Q.What is the asking price for 585 Cannon Street, Hamilton, ON ?
The current listing price for 585 Cannon Street, Hamilton, ON in Gibson, Hamilton is $849,999.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 6 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 585 Cannon Street, Hamilton, ON ?
585 Cannon Street, Hamilton, ON is a Multiplex (Other) featuring a Apartment, Separate Entrance basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Window Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Gibson, Hamilton
52 assaults (371.4/100k)
18 B&E (128.6/100k)
20 thefts (142.9/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 585 Cannon Street E, Hamilton, ON L8L 2G6
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 $849,999 in Hamilton, the legal minimum down payment is $60,000 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 $13,475 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 $13,475.
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Gibson, Hamilton Neighborhood Guide
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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.
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