518 Cannon Street E — photo 1For sale

I don't have enough recent comparable sales to call this one's price, but price reduced $50k. Here's everything I've got on it — ask me anything.

Hamilton · Gibson

518 Cannon Street E

Triplex

MLS® #X13156508

Listed for$549,000$599,000Price reduced from $599,000109 days on market
5 bed 3 bath 3 parking 2000-2500 sq ft~$244/sq ft
  • Price reduced $50K
  • 109 days on market
  • 4 schools within 1 km
  • Transit stop ~90 m
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Est. all-in monthly~$2,785/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

4 schools within ~1 km · nearest transit stop ~0.09 km

Property information
What house buyers ask first
Lot size
25 × 100 ft
Square footage
2000-2500 sq ft
Property tax
$2,763 / yr
Parking
3 spaces · None
Basement
Full

Property summary

Property type
Triplex
Style
2 1/2 Storey
Lot size
25 × 100 ft
Parking
3 spaces · None
Heating
Forced Air
Air conditioning
Central Air
Basement
Full
Kitchens
3
Exterior
Vinyl Siding
Property tax
$2,763 / yr
MLS®
X13156508

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

522 Cannon Street EDetached

$299,000

Below recent sales

522 Cannon Street E

3 bed · 2 bath·1500-2000 sq ft

Hamilton

Listed 5 days ago · Right At Home Realty

  • Listing states: renovated
61 Stirton StreetDetached

$499,000

Below recent sales

61 Stirton Street

3 bed · 2 bath·1100-1500 sq ft·1 parking

Hamilton

Listed 11 days ago · Century 21 Green Realty Inc.

  • Listing states: renovated
10 Fairleigh Avenue NDetached

$559,000

Below recent sales

10 Fairleigh Avenue N

4+1 bed · 3 bath·2000-2500 sq ft

Hamilton

Listed 5 days ago · Royal LePage Certified Realty

  • Listing states: renovated
35 Chestnut AvenueDetached

$550,000

Below recent sales

35 Chestnut Avenue

4 bed · 2 bath·1100-1500 sq ft·2 parking

Hamilton

Listed 4 days ago · Serik Realty Inc

128 Birch AvenueDetached

$449,999

Below recent sales

128 Birch Avenue

3+1 bed · 2 bath·1100-1500 sq ft·1 parking

Hamilton

Listed 7 days ago · Century 21 Infinity Realty Inc.

88 Chestnut AvenueDetached

$474,500

Below recent sales

88 Chestnut Avenue

2 bed · 2 bath·700-1100 sq ft·1 parking

Hamilton

Listed 5 days ago · Royal LePage Real Estate Services Phinney Real Est

  • Listing states: renovated (2022)
The numbers that matter
The numbers that matter
Property tax
$2,763/yr
Est. all-in
~$2,785/mo
Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.
Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

  • Cathy Wever Elementary Public SchoolPublic · Elementary & Secondary · Hamilton-Wentworth DSB0.3 km
  • St. Ann (Hamilton) Catholic Elementary SchoolCatholic · Elementary & Secondary · Hamilton-Wentworth CDSB0.7 km
  • Prince of Wales Elementary Public SchoolPublic · Elementary & Secondary · Hamilton-Wentworth DSB1.0 km
  • Cathedral High SchoolCatholic · Secondary · Hamilton-Wentworth CDSB1.0 km
  • Bridge International SchoolPrivate · Elementary & Secondary · ..1.0 km
  • St. Patrick Catholic Elementary SchoolCatholic · Elementary & Secondary · Hamilton-Wentworth CDSB1.0 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

  • CANNON at SANFORDNearest transit · Bus stop~90 m
  • Hamilton GO CentreNearest GO / rail · GO / regional rail~2.1 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Hamilton
$620KMedian sold
39Median days on market
97%Sale-to-list
Median sold price · Hamilton1-yr -14% · 3-yr —
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Hamilton
569,353Population (2021)
40.8Median age
$86,000Median household income
65.7%Home owners
34.3%Renters
2.5Avg household size
Source: Statistics Canada, 2021 Census
Description & details

Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton's vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected NOI of roughly $41,688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton's evolving communities.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by REAL BROKER ONTARIO LTD.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.